Indigenous Growth Fund
The Indigenous Growth Fund, an investment fund structured as a limited partnership, enables Indigenous Financial Institutions to expand their lending to Indigenous entrepreneurs and their small to medium-sized businesses across Canada. The National Aboriginal Capital Corporations Association is the Fund Manager, the first Indigenous Fund Manager in Canada. In 2022, Block became IGF’s first private corporate investor with a $3M CAD commitment. The organization’s $153M investment fund provides improved access to capital for Indigenous Financial Institutions (IFIs) and Indigenous small and medium-sized enterprises (SMEs), helping them overcome some of the barriers they have historically faced. In the 2023 fiscal year, the IGF committed $82.3M in capital to seven IFIs and deployed $43.4M to IFIs with $35.4M in loan principal working in Indigenous businesses.
IGF aims to unlock pent-up loan demand for new and expanding Indigenous businesses in Canada.
Indigenous Growth Fund
The Indigenous Growth Fund, an investment fund structured as a limited partnership, enables Indigenous Financial Institutions to expand their lending to Indigenous entrepreneurs and their small to medium-sized businesses across Canada. The National Aboriginal Capital Corporations Association is the Fund Manager, the first Indigenous Fund Manager in Canada. In 2022, Block became IGF’s first private corporate investor with a $3M CAD commitment. The organization’s $153M investment fund provides improved access to capital for Indigenous Financial Institutions (IFIs) and Indigenous small and medium-sized enterprises (SMEs), helping them overcome some of the barriers they have historically faced. In the 2023 fiscal year, the IGF committed $82.3M in capital to seven IFIs and deployed $43.4M to IFIs with $35.4M in loan principal working in Indigenous businesses.
IGF aims to unlock pent-up loan demand for new and expanding Indigenous businesses in Canada.
By the numbers
$38.7M
disbursed to businesses by IFIs
$141.3M
in GDP produced for Canada
$83M
in labor income generated
47%
of businesses are located on the reserve
36%
of businesses are community owned
1,954
FTE jobs created or supported
By the numbers
$38.7M
disbursed to businesses by IFIs
$141.3M
in GDP produced for Canada
$83M
in labor income generated
47%
of businesses are located on the reserve
36%
of businesses are community owned
1,954
FTE jobs created or supported
“Our investors are partners, looking with us toward one horizon: Indigenous prosperity, envisaged in our rights and treaties, and a future of economic reconciliation within a thriving Canada.”
“Our investors are partners, looking with us toward one horizon: Indigenous prosperity, envisaged in our rights and treaties, and a future of economic reconciliation within a thriving Canada.”
