Scope, Approach and Actions

Scope:

The Taskforce will consider the operational and strategic requirements of a European Social Investment Facility, including aspects such as:

• How should it best promote awareness and visibility of social investment?
• What should it be mandated to do, and by whom?
• What should its specific objectives be?
• How should it implement its objectives on a day-to-day basis?

Approach

• Consult with social investment practitioners across Europe to understand how the European social impact investment market can best be developed, and to validate that establishing a European Social Investment Facility would be central to this
• Meet with practitioners to debate and evolve consensus principles for the establishment of a European Social Investment Facility to catalyse the social investment market across Europe, and to identify areas where there is not yet consensus which require further debate
• To communicate recommendations to the European Commission with a view to influencing how policy is formulated and to submit a proposal for how the European Social Investment Facility could be established and implemented

Key Actions

• Launch of task force member at Active Europe conference in Krakow on 7 - 8 September 2011
• Virtual meetings with task force members to elaborate recommendations
• A communiqué of outline principles to be submitted by 14 September 2011 to the European Commission as part of the consultation of Social Business Initiative: Social Investment Funds
• A report with recommendations for the EU - a draft will be produce by the beginning of 2012 to feed into complementary initiatives (European social innovation pilot and social business initiative)
• Launch of the report at the European parliament in 2012
• Communication campaign to engage policy-makers, stakeholders and media
• Promote the task force through Euclid media and present at events relevant to the topic