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The Vancouver Island Community Investment Cooperative
directs financial investments into projects that make our community better.
The Benefits of Investing Local
We help people invest money in local, sustainable projects on Vancouver Island and the Gulf Islands. Our unique investment model ensures social impact investors receive a GIC equivalent return on investment, while ensuring local projects obtain the funding they need. In the same way that we recognise the benefit of ‘shop local’ campaigns to bolster local economies, individual investors see the very real benefits of investing local. In British Columbia, over $4-billion dollars invested in RRSPs each year leaves the provincial economy. If even a small portion of that outflow of capital were redirected toward local projects, the impact would be significant.
Join the Movement
The Vancouver Island Community Investment Cooperative is building a movement towards social investment, where investors can continue to see their money work for them, while it also works to create a strong and productive society. Community Investment Cooperatives or Development Funds are established models in many parts of the world, including Europe and the US, and a growing economic development tool in Canada. There is proven success where funds are pooled and invested locally, with social impact results apparent to investors within their own community.
We are looking for patient investors wishing to invest a portion of their portfolio, happy to think in the long-term. Investments will be in resilient and sustainable businesses, solving the shortage of investors for those types of businesses. In other words, your money won’t be in stocks and shares, but in projects and people.
Why Impact Investing?
Impact Investing funds projects that have social, economic and environmental benefits. Those can be big projects based on social wellbeing, or a local commitment where people witness the impact of their own investment within their community. As well as a financial return, investors can expect a significant social return: a non-financial return to society as a whole, where your money directly contributes to social good and supports your local economy.
This well-managed fund is backed by CCEC Credit Union, ensuring all projects go through their due diligence process and meet the financial institution’s own financial requirements.
Invest local now
Become a member of the Vancouver Island Community Investment Cooperative – paying a one time fee of $250
Print and sign the subscription agreement (sold in blocks of $1,000)
Minimum investment period of five years. Not a guaranteed rate of return but VICIC aims to provide an annual rate of return similar to bonds.
News
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Our work is made possible through the support of:
