Wednesday, 26 October 2011

Europe can be good for you!

The European Commission has just published proposals to promote social investment.

Measures to improve the access to funding for social businesses such as:

• Setting up a European financial instrument of €90 million to improve social businesses' access to funding (operational from 2014).

• Introducing an investment priority for social enterprises in the regulations ERDF (European Regional Development Fund) and ESF (European Social Fund), as proposed in the regulatory package on the Structural Funds 2014-2020.

see http://www.euclidnetwork.eu/data/files/sbi__frequently_asked_questions.pdf
and http://www.euclidnetwork.eu/data/files/press_release_1.doc

This provides a concrete focus in terms of capital allocation and timescales for the work of our task force over the next two years. Those who attended the launch event in Krakow will be aware that the EIF is finalising €30-50 million from the EIB that, together with match-funding, will be used to finance a pilot programme from 2012.

This is much welcome !

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