Why finance a social economy enterprise?
RISQ’s years of investments have proven that social economy enterprises generate positive impacts for communities, both social and economic. The cause and effect relationship between our financing and the social and economic impacts generated by collective enterprises confirms RISQ’s essential role.
Social impacts
linked to risq investments
COLLECTIVE SUCCESSES HAVE SHOWN US, RISQ’S investments . . .
- Stimulate economic growth based on human values of democracy and solidarity
- Contribute to the social integration of individuals who have traditionally been excluded
- Create long-lasting employment
- Encourage the emergence of projects from fragile/insecure areas
- Enable a response to needs that are either unmet or poorly met by the market or government.
- Reinforce collective and entrepreneurial viability through
-an adapted financial analysis method
– selection of enterprises that respond to socioeconomic needs
-reinforcement and follow-up of business plans and governance
-partnership, trust, and risk mutualization
-mobilization of finance actors and advisors
Economic impacts
linked to RISQ investments
THE NUMBERS SHOW US that RISQ investments . . .
- Make a positive contribution to Québec’s overall economy
- Generate revenues for provincial public administrations (taxes, duties, and incidental taxes)
- Are a financial lever for collective projects throughout Québec
- Allow most of our financed enterprises to successfully carry out their projects and repay capital and interest to RISQ
- Generate a counterpower to the market for :
– producers
– workers
– intermediate and ultimate consumers
The difference
Arising from collective initiatives, social economy enterprises’ main goal and activity is to produce and sell goods or services that are both financially viable and socially profitable. Doing business as a cooperative or not-for-profit society means . . .
- Responding to social and economic needs, both individual and collective
- Creating and maintaining sustainable jobs
- Basing your operation on the values of solidarity, responsibility, democratic practice, equality, and personal development.
Highlights of an impact study of risq’s investments.
Summary of the study
The full study conducted by research teams
from ESG UQAM and E&B Data
THE NUMBERS SPEAK FOR THEMSELVES
From 1997 to 2017, risq, an initiator of impacts and successes…
0
MILLION $ invested
0
RISQ loans
0
jobs created or maintained
- Created
- Maintained
- Work integration
0
collective enterprises supported
Supported projects by legal status
0
Cooperatives
0
Not-for-profit organizations
- Solidarity co-op
- Work co-op
- Other co-ops
- Not-for-profit organizations
Number of loans and amounts
invested by sector of activity
*As at December 31, 2017
| Activity sectors | Number | Amount |
|---|---|---|
| Health and social services | 129 | 3 169 903 $ |
| Wholesale and retail | 112 | 3 215 295 $ |
| Manufacturing | 97 | 2 651 325 $ |
| Collective real estate | 54 | 1 560 003 $ |
| Arts and entertainment | 82 | 2 075 587 $ |
| Communications and information technologies | 86 | 2 162 718 $ |
| Development organizations | 45 | 589 492 $ |
| Professional services | 54 | 1 161 952 $ |
| Educational services | 39 | 897 963$ |
| Waste management, recycling | 47 | 1 489 089 $ |
| Administrative and support services | 42 | 1 524 361 $ |
| Accommodation services | 39 | 1 337 567 $ |
| Agriculture and forestry | 32 | 778 489 $ |
| Restaurants, live entertainment bars, and micro-breweries | 54 | 1 616 116$ |
| Individual services | 45 | 1 353 927$ |
| Other services | 62 | 541 005 $ |
| Loisirs | 50 | 1 940 092 $ |
Number of loans and amounts invested by region
*As at December 31, 2017
| Region | Number | Amount |
|---|---|---|
| 01 BAS-SAINT-LAURENT | 42 | 1 104 454 $ |
| 02 SAGUENAY–LAC-SAINT-JEAN | 59 | 1 518 459 $ |
| 03 CAPITALE-NATIONALE | 107 | 2 185 749 $ |
| 04 MAURICIE | 52 | 1 386 202 $ |
| 05 ESTRIE | 47 | 971 005 $ |
| 06 MONTRÉAL | 408 | 11 337 337 $ |
| 07 OUTAOUAIS | 74 | 1 671 123 $ |
| 08 ABITIBI-TÉMISCAMINGUE | 11 | 375 797 $ |
| 09 CÔTE-NORD | 15 | 445 374 $ |
| 10 NORD-DU-QUÉBEC | 1 | 20 000 $ |
| 11 GASPÉSIE–ÎLES-DE-LA-MADELEINE | 14 | 430 632 $ |
| 12 CHAUDIÈRE-APPALACHES | 38 | 784 223 $ |
| 13 LAVAL | 32 | 885 739 $ |
| 14 LANAUDIÈRE | 19 | 570 296 $ |
| 15 LAURENTIDES | 45 | 1 302 987 $ |
| 16 MONTÉRÉGIE | 100 | 2 585 056 $ |
| 17 CENTRE-DU-QUÉBEC | 21 | 526 728 $ |
SINCE 1997…
TECHNICAL ASSISTANCE SUPPORT*
*As at December 31, 2017
449
Number of projects
2 004 243 $
RISQ contribution
6 536 257 $
Investments generated
69 %
Lever effects*
Stages of development
- Pre-startup
- Startup
- Expansion
- Consolidation
SINCE 1997…
Pre-startup projects*
*As at December 31, 2017
74
Number of projects
4 495 200 $
RISQ contribution
10 979 224 $
Investments generated
59 %
Lever effect *
Stages of development
- Pre-startup
- Expansion
SINCE 1997…
Capitalization projects*
*As at December 31, 2017
562
Number of projects
21 701 618 $
RISQ contribution
282 704 314 $
Investments generated
92 %
Lever effect*
Stages of development
- Pre-startup
- Startup
- Expansion
- Consolidation
*The lever effect measures the impact of RISQ financing on the total capital contributions to financed enterprises.
For more information, consult our annual reports.