The EU Action Plan for the Social Economy is expected to be published in the fourth quarter of 2021.
The EU Action Plan for the Social Economy will be the result of a long process of elaboration and consultation in which Torino Social Impact has also actively taken part ,as well as many international organizations and institutions from all over Europe.
Since the upcoming EU Action Plan for the Social Economy will enhance social investment, support social economy actors and social enterprises to start-up, scale-up, innovate and create jobs, many stakeholders have provided their views to shape the document. It’s worth mentioning the position paper of EVPA which has analysed the EU social impact investment ecosystem, and outlined five policy recommendations to define the role of impact investors in the process.
The five recommendations are:
1. Improve access to financial and non-financial resources and strengthen the capacity to co-invest;
2. Boost social innovation;
3. Pave the way towards future social taxonomy through Impact Measurement and Management (IMM);
4. Ensure more targeted and consistent communication to improve the visibility and recognition of social economy organisations;
5. Make the EU social Economy system a landmark within the global economy.
The European Venture Philanthropy Association (EVPA) is a lively community of organisations sharing the same vision and a common goal: creating positive societal impact through venture philanthropy. EVPA helps investors and grantmakers connect and learn from each other in their pursuit of deeper societal impact. The membership covers a full range of venture philanthropy and social investment activities including venture philanthropy funds, social investors, grantmaking foundations, impact investing funds, private equity firms, professional service firms, philanthropy advisers, banks and business schools. EVPA’s community has more than 320 members from over 30 countries, mainly in Europe, but also in the United States, the Middle East and Asia.