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.
The task force will:
Karl H Richter, Euclid Advisor on Social Impact Investment, is coordinating the project - contact him at email@example.com
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.
Karl Richter put together this presentation on the Taskforce for Social Investments