The Taskforce for a European social investment bank/ fund/ facility will be launched in Krakow, September 2011
(organised in cooperation with the Euclid Network (of European civil society professionals))
The taskforce will be launched with representatives from European social banks and alternative financiers. The taskforce is being convened in response to the call by European Commissioner Barnier to establish a European Social Investment Bank. The taskforce will coordinate informed opinion from industry leaders for presentation to Commissioner Barnier in November 2011 about how the European Social Investment Bank (or fund/ facility) could strengthen existing social investment activities and also development a better and more joined-up capital market for social investment throughout Europe.
The taskforce will bring together best practice from across Europe and focus on three areas:
- Improving visibility of social investment (equivalent to impact investment) as an emerging asset class and how social investing can support cohesion, the single market and socio-economic growth.
- Developing the ecosystem for social investments and identify key actions required to develop the enabling environment for an integrated European social investment market.
- A proposal for establishment principles of a European social investment bank/ fund/ facility, including organisation structure and operational strategy of the European social investment bank/ fund/ facility.
The objective of the taskforce is to support the establishment of a European social investment bank/ fund/ facility by the end of 2012.
You can read more about it here http://www.euclidnetwork.eu/pages/en/social-investment-taskforce.html including some videos explaining what Euclid intends to achieve with it.