FINANCING AND INVESTMENT
- Contribution to European Commission Public Consultations on EU funds in the area of cohesion, migration, investment, research & innovation, SMEs and single market and values and mobility
In 2018, the Commission will make comprehensive proposals for the next generation of financial programmes for the post-2020 Multiannual Financial Framework, which is the EU's long–term budget: this requires a careful assessment both of what has worked well in the past and what could be improved in the future. These 4 consultations are an integral part of the process and their objective is to collect the views of all interested parties on how to make the most of every euro of the EU budget.
ENSIE has finally participated in three of the four consultations for the following areas :
- Values and mobility
- Investment, research & innovation, SMEs and single market
Read the ENSIE contribution (in english) in the area of cohesion, values and mobility, Investment, research & innovation, SMEs and single market
High-Level Task-Force on Investing in Social Infrastructure in Europe - Report Launch Event
- Brussels, 23 January 2018
The project wants to start a new deal policy on social infrastructure in the EU. Social infrastructure is defined as ‘long-term physical assets in the social sectors that enable goods and services to be produced’. The report was mainly an investigation of the needs for social infrastructure investment and the options to fill the gap.
It was stated very clearly that the focus is only on infrastructure investments in the three following fields:
- Education and lifelong learning
- Health and long-term care
- Affordable housing
The recommendations are:
- Setting up a European social infrastructure agenda
- The creation of a new public-private fund for social infrastructure investment. This fund wants to mobilize private capital from long-term institutional investors and offer them stable investment opportunities at a slighty higher risk (and return) than government bonds.
These are only the outlines of a policy to be developed. From the viewpoint of a social impact enterprise, there might be some opportunities on a policy level, though:
- Would it be possible to qualify vocational training and social employment as lifelong learning?
- Could this kind of funding be an example or a basis for similar investment schemes with a larger scope at national level?
- Are there opportunities for social impact enterprises to free existing resources by shifting them away from infrastructure investments, since this may become easier in future? Still, we have to keep in mind the limitation to the above mentioned fields.
We can conclude that more data are needed. Now data collection on this issue is poor. Local governments are essential for the promotion of investment in social infrastructure. Regional differences are large.
You can find the report here
Investing in services for the well-being of people: A collection of case studies
In 2016, the Social Platform collected 15 case studies from its members, their national members and partners to illustrate the positive impact that investment in health, housing, employment and education services can have on both the economic and social situation of EU Member States. The 14 case studies demonstrate how a social investment approach to the provision of services advances the well-being of people in practice.
ENSIE provided a case study on work integration for people in vulnerable situations through social economy: an example from our Spanish member network, Insertadix del Mediterraneo & Aromas y Colores VI.
Financing possibilities for WISEs
- 18 November 2016
ENSIE organised a meeting with its members on new possibilities of financing for the development of Work Integration Social Enterprises during its members'meeting held on November 17 and 18, 2016.
At this occasion, Andrea Maier, team leader of the unit Job creation of the European Commission, DG Employment, Social Affairs and Inclusion presented the possibilities under the EaSI Guarantee and the EFSI Social Equity instruments to our members. Patricia Pedelebat, Policy officer in the same unit, exchanged with our members on their needs and impact.
Financing social enterprises
- February 2016 - European Commission publication: A recipe book for social finance - Designed for practitioners such as social enterprises, investors, social finance intermediaries, market builders and social enterprise support organisations, this publication will guide you step by step through the process of designing and implementing initiatives to develop social finance instruments and markets. Download the publication.
- September 2015 - Check out the results of the project 3E4SE and discover the project strategy for cooperation between public and private funding for the development of specific local/regional financial tools supporting social enterprises.
- 18 March 2015 - ENSIE reacts to the proposal for a regulation on European Funds for Strategic Investment (EFSI). ENSIE and some of its members sent their amendments promoting the worj integration of vulnerable groups and social economy to the rapporteurs, shadows and key persons on the European Parliament ECON and BUDG committees. More info
- 11 December 2014 - Public Consultation on the implementing measures of the regulations on EuSEF (European Social Entrepreneurship Fund) and EuVECA
This consultation has been launched by ESMA. This paper consults on the content of the technical advice (translated in Delegate Regulation) that ESMA should provide by 30 April 2015 to the European Commission on the implementing measures of the Regulations 346/2013 on European Social Entrepreneurship Funds (EuSEF) and 345/2013 on European Venture Capital Funds (EuVECA).
ENSIE contribution: English
- 11 September 2011: Consultation "The Social Business Initiative: Promoting Social Investment Funds"
The consultation seeks feedback on possible options for aiding social businesses by means of investments from private individuals channelled through investment funds. Investment funds are an established mechanism for matching investors and those seeking investments, and could help social businesses get funding. Some initial feedback on the Single Market Act has suggested certain barriers to funding social businesses in this way might exist, because of the nature of these businesses, and possibly because of existing rules applying to those running funds. The consultation outlines some of the issues and asks for input on possible next steps.
ENSIE contribution: English
- 27 May 2011: Consultation "A possible successor instrument to the EU programme for employment and social solidarity - Progress 2007-2013"
The Commission has undertaken the review of its financial instruments for the next post-2013 multiannual financial framework. The EU programme for employment and social solidarity, – PROGRESS (2007-2013), is also subject to a review. In this context, DG Employment, Social Affairs and Inclusion invites you to take part in the public consultation on a successor instrument. This public consultation aims to collect your insights and suggestions regarding the design, added value, objectives, actions, budget and delivery of such a successor instrument. Your input can help us shape it to best address your current and future needs. Source: European Commission