Sector News

Performance data of social investment released for first time

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New data reveals the financial performance of more than 400 closed investment deals in the UK social investment market. The dataset represents the largest aggregate study to date of historic social investment performance. Commissioned by the Social Investment Research Council and Royal Bank of Scotland, it uncovers the financial characteristics of deals, including their risk and return.

A universal data model was developed by EngagedX to produce comparable benchmark data, which can help demonstrate the history of social investment and build confidence in the market. The anonymised performance data offers a snapshot of investments, ranging from £2,400 to £2.7m. The data was provided by CAF Venturesome, Key Fund and Social Investment Business on both debt and equity investments made between 2002 and 2014.

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Help showcase the best ICT-enabled social innovations in Europe

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Calling all social innovators: have you got an exceptional case where Information and Communication Technologies (ICTs) have boosted social innovation and created better and more cost effective welfare services for citizens across Europe? Then showcase it!

The Young Foundation and the Zentrum für Soziale Innovation on behalf of the European Commission's JRC-IPTS are gathering evidence to support the European Commission's DG EMPL and EU Member States in the reform of their social protections systems: they need your help to collect sound cases of successful ICT-enabled social innovation and understand how they can be better sustained at local, national and European level.

PLEASE TAKE A FEW MINUTES TO DOCUMENT YOUR INNOVATIVE CASE HERE

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Ombudsman welcomes improvements to Commission expert groups

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The European Ombudsman, Emily O'Reilly, has welcomed the Commission's agreement to improve its system of expert groups in response to proposals made by her in an own-initiative investigation. Hundreds of such advisory groups play a crucial role in the development of EU legislation and policy.

The Commission has said that it will develop a new conflict of interest policy for experts appointed in a personal capacity. It also announced that the selection procedure for experts will be more transparent, including an obligation, where relevant, to be registered on the Transparency Register. Furthermore, the Commission plans to revise its expert groups register in 2016.

In January 2015, the Ombudsman sent a list of proposals to the Commission on how to address several shortcomings in its expert groups system. This followed a public consultation, during which respondents cited issues such as perceived corporate dominance of certain groups and potential conflicts of interest of certain experts.

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Commission proposes draft EU budget 2016: focus on jobs, growth, migration and global action

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The European Commission today (27 May 2015) proposed a 2016 EU budget of €143.5 billion in payment credits to support the recovery of the European economy and help improve lives in Europe and beyond. The money will be invested to boost innovation, create jobs, help convergence among Member States and among regions, deal more effectively with migration and further strengthen the role of the EU as a global player. The proposal also includes contributions to the European Fund for Strategic Investment (EFSI), which is at the heart of the Investment Plan for Europe. Today’s draft will be sent to the European Parliament and EU Member States who will jointly decide on the final budget.

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Social innovation in Serbia: stimulation from the state is required

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The Social Innovations Forum is an annual event dedicated to innovative solutions for social challenges. Established in 2014, the Forum is part of Euclid member Smart Kolektiv’s agenda to promote social entrepreneurship in Serbia and acts as a tool for strengthening sustainability in the civil society sector.

Euclid Network were proud to support the Social Innovations Forum 2015 which is a part of a wider initiative to promote and stimulate cross-sector cooperation and the development of sustainable and innovative civil society in Serbia, carried out by Smart Kolektiv with support from USAID. Friends of the conference were Coca-Cola Hellenic and Atlantic Group, with conference partners including ourselves, SENS Network, and Global Social Entrepreneurship Network (GSEN).

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Inspiring stories of female entrepreneurship from the South East Europe!

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SEECEL, the South East European Centre for Entrepreneurial Learning, has produced 27 inspiring films to tell the stories of female entrepreneurs as part of the project "Women Entrepreneurs – a Job Creation Engine for South Eastern Europe".

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