This policy paper from the Social Economy Europe’s Social Finance Working Group explores the challenges faced by social finance providers—such as ethical finance institutions, microfinance bodies, and national development banks—in accessing the InvestEU fund.
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With a specific focus on the Social Investment and Skills windows, the paper highlights how these barriers hinder the potential of InvestEU to strengthen the social economy ecosystem. Given the estimated funding gaps of EUR 1 billion in social economy finance and EUR 12.9 billion in microfinance across the EU, the paper underscores the need for more effective access to resources to sustain and grow social economy organisations.
The 8th Report on Ethical Finance in Europe presents evidences of how ethical finance is now a necessary, solid and credible model that serves the common good rather than a niche alternative.
As the ESF+ appears to be questioned in the new Commission’s plans, Social Economy organizations unite to call for stronger support.
A position paper co-authored by FEBEA and the Sustainable Banking Coalition on the Omnibus Proposal.