London Community Foundation provided it’s first line of credit guarantee to Growing Chefs! Ontario to support their plans for expansion. The line of credit is an alternative low-risk option that provides the organization with flexibility and a financial cushion, should they require it.
Loan:
$250k
Description:
Evergreen is redeveloping the 53,000 square foot Kilns Building at the Brick Works site into the Future Cities Centre in Toronto. The Centre will be a physical hub for the activities of the Future Cities Network, harnessing the power of collective actions to build capacity and scale solutions across the country.
BerQ RNG
Reimagine Co.
Loan:
$350k
Description:
The project, led by BerQ RNG, will implement technology that collects and refines gas produced from food waste, turning it into RNG that is then diverted into existing pipelines. Recycling greenhouse gases this way both prevents them from being released into the atmosphere and reduces the need for fossil fuel gas.
Urban Roots London
Loan:
$112.5k
Description:
Urban Roots London engages in sustainable and organic farming practices to make local and healthy produce, including a range of vegetables, available to its community. Approximately 33% of its production is sold at full price, 33% is sold at affordable rates, and 33% is donated to community partners and social service agencies.
Loan:
$50k
Description:
Reimagine Co. is a zero waste store selling sustainable products that make it easy to go waste-free while connecting with London’s sustainable living community. To facilitate expansion, they will be moving into and renovating a new location on 206 Piccadilly Street.