The task force will investigate how more private capital can be attracted for social investment and how the EU social investment market can be grown and matured as a more integrated and better functioning capital market. It will explore how the market can be catalysed with an entity which is additional and complimentary to what currently exists, and whether this should be through the establishment of a European Social Bank, a European Social Investment Fund or a European Social Investment Facility. We will also consider other policy actions to scale-up existing best practice and to help harmonise regional variance whilst at the same time promote a more vibrant, dynamic and pluralistic environment for social investment.
The taskforce will bring together best practice from across Europe and focus on three areas:
1. Improving visibility of social investment as an emerging asset class and how social investing can support cohesion, the single market and socio-economic growth.
2. Developing the ecosystem for social investment and identify key actions required to develop the enabling environment for an integrated European social investment market.
3. A proposal for establishment principles of a European social investment facility, including organisation structure and operational strategy.