Social Investment Task Force

Social Investment Task Force for establishing a European Social Investment Facility by December 2012
The task force was launched at the ‘Active Europe' conference in Krakow 7-8 September. This event was organised by FEBEA (the European Federation for Ethical and Alternative Banks) - the press release is now available here. The launch event took place as a roundtable discussion with social investment stakeholders to agree the contents of a communique, which will comprise the main part of our submission to Commissioner Barnier's consultation on promoting Social Investment Funds as part of the Social Investment Business Initiative.

You can view our submission to Commissioner Barnier's consultation here. We need your support for our communique - please add your name to our list of supporters here.

Summary

The task force will:

• coordinate the views of social investment practitioners across Europe to explore how the European Commission should promote social investment and catalyse an integrated capital market for social investment
• prepare recommendations to the European Commission for how a European Social Investment Facility could achieve the above goal
• reach a consensus about the key principles for how such a Facility should be structured, operated and implemented to ensure that it is complimentary and additional to what currently exists
• identify further issues of debate (where there is not yet consensus) which will need to be resolved prior to establishing such a Facility
• report its findings to the European Commission

Karl H Richter, Euclid Advisor on Social Impact Investment, is coordinating the project - contact him at karl.richter@euclidnetwork.eu

Euclid's objective with the task force for a European Social Investment Facility (ESIF) is to respond to Commissioner Barnier's call for a European Social Bank. We aim to identify the mechanism which will best develop the European social investment market. Furthermore we want to show how EU capital can lever in non-public capital for social investment. The proposal is for the ESIF to be a European wide mechanism, which is easily accessible by organisations with social goals and can respond to their needs, in order for the European social investment market to function better. Our goal is to improve access to the sorts of funding these organisations need, whether it is risk capital, secured loans or any other form of capital.

We are focusing on growing the task force as wide as possible to make it as inclusive as we can. You can read more about it in the sections below.

If you are an European social investor interested in joining the task force, contact Karl Richter.

Karl Richter, the project coordinator of the taskforce, and Karol Sachs of FEBEA (the European Federation for Ethical and Alternative Banks), who are actively supporting the projects, give Euclid Network TV an update here.

Background

Aim

Scope, Approach & Key Actions

Task Force Members

Press Releases, Media & Videos

More Resources

Financing Social Impact - Funding social innovation in Europe – mapping the way forward

European Social Entrepreneurship Funds - critical review response from SIB

Making Good in Social Impact Investment

Karl Richter put together this presentation on the Taskforce for Social Investments