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Theme 3: Collaborating to Advance the Financial Preparedness of Women
Project Objective
The purpose of this theme is to develop and implement collaborative strategies that advance the financial preparedness of women in Canada
Project Description
Projects will engage key stakeholders in addressing the limitations of current programs and services that address the financial preparedness of women. Projects will find sustainable solutions that meet the lifelong financial preparedness needs of women in Canada.
Funding Available/Duration
| Funding Available | Duration | |
|---|---|---|
| Projects at the local level | Up to $175,000 | Up to 24 months |
| Projects in multiple communities across Canada | Up to $250,000 | Up to 30 months |
Mandatory Key Activities
a) Partnerships
- Throughout the duration of the project, women, women’s and other community organizations, and stakeholders (such as professional and business associations, and economic development agencies) will work in partnership.
b) Examine Context
- To inform the planning and development of the project, an assessment of the current situation of women in relation to their lifelong financial preparedness will be conducted to identify needs and barriers. Using a gender lens, the assessment will:
- Consider the links between women’s financial preparedness and their economic prosperity.
- Consult with women, as well as partners and stakeholders, to identify barriers, priorities and opportunities.
- Identify existing policies, services, decision-making processes, etc., and determine their effectiveness.
c) Determine and Choose an Option
- Through a collaborative process with partners/stakeholders, choose an option for implementation taking into consideration its assets, strengths and opportunities.
- For example:
- Collaborate with economic development organizations that do not specialize in offering services designed specifically for women, to ensure that the range of services offered supports women interested in growing their businesses.
- Work directly with institutions that currently offer financial education to review their services/supports from a gender perspective, to ensure that they meet the needs of women.
d) Implementation
- Collaboratively implement the chosen option in the community.
e) Knowledge Sharing
- Ensure that knowledge gained throughout the project is shared.
Important Considerations
Projects proposing the following types of activities will not be considered under this Call for Proposals:
- delivering training (financial literacy, occupational or otherwise) to women, unless the training is to facilitate their participation in the project (e.g. facilitation skills);
- recruitment and/or awareness activities related to employment/entrepreneurial start-up or expansion opportunities (e.g. directly providing financial literacy training to women to assist them to expand existing businesses);
- adding new financial preparedness programs and services;
- providing direct access to existing services/supports; and
- supporting existing and/or ongoing activities or programs, or direct services under the jurisdiction of other levels of government.
Planned results
- Effective collaborative strategies that leverage current efforts and advance the financial preparedness of women have been developed and implemented with key stakeholders.
- Women and stakeholders can identify opportunities and institutional barriers that limit the financial preparedness of women and their economic prosperity in Canada.
- Local women actively engage stakeholders and take on leadership roles to address these barriers in their communities.
- Community partners and stakeholders collaborate to maximize current efforts to advance the lifelong financial preparedness needs of women.
Project Deliverables (After Approval)
Month 4
- Detailed work plan, results framework and performance measurement plan, risk management plan, and list of project partners, including a description of their contributions.
Month 12 and 24
- Interim report, needs assessment report (at 12 months), and other project documents, as required.
Project end
- Final report.
Note: Performance reporting requirements and timelines will be determined after the proposed project has been approved.
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