Eat Local Grey Bruce Food Co-operative receives $20,000 loan from Harvest Impact by 10C
Social finance investment will fund launch of community bond campaign.
Guelph, Tuesday, October 4, 2022 – Harvest Impact Fund by 10C is pleased to announce a social finance loan of $20,000 to support Eat Local Grey Bruce Food Co-operative (ELGB) to support the launch of a new community bond campaign.
Eat Local Grey Bruce is a non-profit cooperative that distributes healthy, locally produced food to Grey, Bruce/Saugeen and part of Simcoe County. It is a vibrant community of eaters, growers and makers of food, supporting each other in their commitment to local food production, ecological practices, healthy eating and meaningful employment.
Many of ELGB’s producer members are small- to mid-scale, diversified farms working to grow and raise food with an emphasis on environmental stewardship.
ELGB intends to turn the $20,000 loan from Harvest Impact into $200,000 of community bond investment– allowing all members of the co-operative and region to invest in this next stage of growth.
“Our community bonds campaign will be instrumental in positioning Eat Local Grey Bruce for sustainable growth now and into the future. The Harvest Impact financing provides us the much needed tools and resources to expand. We want to continue to offer an alternative food economy that honours people and the environment above profit,” said Michelle Watson, Director Chair, Eat Local Grey Bruce.
“Harvest Impact invests in companies, organizations and people who are generating social, environmental, or cultural benefits alongside financial returns,” said Julia Grady, 10C Co-Founder and Executive Director. “We are actively encouraging both for profit and non-profit social impact organizations like Eat local Grey Bruce to apply for social financing through Harvest Impact.”
This social finance loan will assist ELGB in contributing to five of the UN’s Sustainable
Development Goals (SDGs) and is part of demonstrating how a circular economy can design out waste, keep materials in use and regenerate natural systems.
Harvest Impact by 10C is part of Our Food Future and COIL, Guelph and Wellington County’s vision for a circular food system – a system that values, shares and celebrates a diversity of affordable, nutritious and culturally relevant foods that support a healthy, resilient community.
For more information:
Harvest Impact by 10C
Julia Grady, (she/her)
Eat Local Grey Bruce
Callum Batten (they/them)