Nova Scotia Co-operative Council

Email: [email protected]
Website: http://www.novascotia.coop/
Phone: 902-893-8966

Office Headquarters Address:
347C Willow Street, Truro, NS, B2N 6C7


Background


Year Founded: 1949

Mission & Mandate: To support and promote co-ops and credit unions by providing education, innovation opportunities, marketing, and advocacy to government and industry.

Description: Nova Scotia Co-operative Council is the umbrella organization representing more than 300 co-operative businesses and credit unions in the province of Nova Scotia. We’re constantly helping groups and individuals take a shared passion and turn it into business – one that not only helps them to help themselves, but to grow the economy too.

Sectors


– Addressing Systemic Racism
– Affordable Housing
– Biodiversity & Conservation
– Business & Financial Literacy
– Cleantech
– Community and Social Purpose Real Estate
– Community Arts & Media
– Community Economic Development
– Co-operative, Community & Social Enterprise
– Education & Skills Development
– Employment & Training
– Food Security
– Gender Equity
– Green Buildings & Retrofits
– Health & Well-being
– Indigenous Social Entrepreneurship
– Microlending
– Renewable Energy
– Sustainable Consumer Products
– Sustainable Finance
– Sustainable Food, Fisheries & Agriculture
– Sustainable Resource Management Sustainable
– Transportation & Infrastructure
– Youth


Fund Characteristics


Community Impact Fund Co-operative

AUM: $164 million
Vintage year: 2003
Closing year: Active and current
Fund term: Evergreen
Asset class: Private debt, Subordinated debt, Lines of credit, Private equity, Working capital, Loan guarantees
Investor eligibility: NA
Minimum investment: NA

Geographic scope: Provincial, Nova Scotia
Committed capital: $200 million
Average investment size: $50,000 – $500,000
Investee type: All
Investment stage: All


Social & Environmental Impact


View the 2018 - 2019 Annual Report

Impact Highlights


– 18,734 jobs created
– Cost per job is $545
– Loan losses less than 5% over a 17 year period, on a high risk – $164 million portfolio
– $913 million to the GDP
– $1.55 billion in output
– $581 million in labour income
– $96 million in provincial tax revenue


Financial Impact


Total investments: $50 million
Total capital leveraged:
$165 million

Number of investments made: 3,002

Nota Bene


Awards & Notable Achievements:
– National award for Governance

– Provincial award for Innovation


Success Story


Co-Pharm

National | 2019

Financing:
$250,000

Co-Pharm provides access to affordable prescription medications for Canadians who have no access. They have no employer benefits, no government benefits. They are cash payers. More than $9 million Canadians unfortunately fall into this category. They pay approximately 80% more for their medications as a cash payer. We are filling this gap, this need.

Learn MoreVisit CoPharm's Website

A big vision with community leadership and a small amount of money can be transformational. Community ownership of a need and opportunity will have longevity.