Yes, of course. Thank you for the question.
I'd also like to thank the committee for having me here today, once again.
Yesterday, we made a wonderful announcement about the social finance fund. The $755 million was set aside for the fund in the 2018 budget. At the same time, we announced the three senior fund managers who will administer this fund: CAP Finance in Quebec, as well as Boann Social Impact and Realize Capital Partners in the rest of Canada.
The purpose of the fund is to support social enterprises so that they can expand their influence and activities on the ground. We have a lot of social enterprises across Canada, and they have an incredible influence on food security, affordable housing and the environment. We really want to make sure they have the financial support they need.
The fund's other major purpose is not only to fund initiatives that will actually help communities in Canada, but also restore private investors' confidence and show them they can make good investments. Yesterday, we announced that fund managers will be receiving $400 million from the government. Since their goal is to attract double that amount, those funds will help attract $800 million in additional investments to support social enterprises here in Canada.