Steel River acknowledges that First Nations, Inuit, and Métis all play a critical role in the stewardship of Canada’s economic development, we are passionate about proactively seeking and exploring opportunities for Indigenous ownership on major projects at the grass-roots level. This passion has been materialized in the development of a People-Public-Private Partnership (P4) Model to focus on enhanced ownership opportunities for Indigenous communities.
The strategy behind the P4 Model supports Indigenous Communities and rights holders (People) in early participation and collaboration within major projects and legacy assets.
The framework of the P4 model, supported by Steel River Group’s Integrated Engagement Approach (IEA), improves project certainty and ensures collaboration while securing economic sustainability, and positive social impacts through the lens of Indigenous values and beliefs.
The People represent both Indigenous communities and affected local communities. Both play an important role in furthering the development of ownership in major projects for Indigenous Communities.
The People will be given the opportunity to form a P4 Advisory Circle (unique to each opportunity) that will provide appropriate guidance and knowledge sharing throughout the P4 process. We recognize the need to hear the voices of Indigenous people and believe that by honoring Indigenous governance, cultural and spiritual practices, and knowledge sharing, we can learn and grow together. This will play a critical role in the success of the P4 Model.
The Private represents private industry groups that will provide the research, design, capital, efficiencies, marketplace, development, and execution to advance the P4 Model. Enhanced through the Steel River Ecosystem, the Private champions will accelerate, and increase the frequency and size of major projects available to Indigenous Communities. A key component of this champion will be the accessibility of financial capacity to capture the opportunities that flow through the P4 deal flow.
The Public represents the Government. Various levels of government (municipal, provincial, and federal) can play a critical role in supporting Indigenous Communities on a multitude of fronts in the successful implementation of our P4 Model. Grants, reduction of red tape, access to financing, consulting, and most importantly, advocating for Indigenous ownership on major projects.