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Politics Feds provide $3 million boost to charity for social entrepreneurs

Bill Morneau, Minister of Finance and Member of Parliament for Toronto Centre, WE co-founder Craig Kielburger, and Dalal l Al-Waheidi, Executive Director of WE Charity, far left, are joined on stage by young social entrepreneurs at the WE Global Learning Centre in Toronto, on Aug. 21, 2019.

Peter Power/The Canadian Press

The federal government says it is giving $3 million to a charity that supports young Canadians developing socially conscious businesses.

Finance Minister Bill Morneau made the announcement on Wednesday with Craig Kielburger, co-founder of the WE Charity.

The money will go to the WE Social Entrepreneurs initiative, which provides skills building, mentorship and financial support to social enterprises led by young people.

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WE says the money will help create 200 “youth-led enterprises” that address social issues at a community level.

The charity says the cash will also help 30 social enterprises that have already been established get to a point where they can pitch investors.

It says WE Social Entrepreneurs is made up of two different sections: WE Incubate will focus on youth under the age of 25, while those under 35 can access WE Scale Up.

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