Financial instruments can be co-funded by the European Social Fund (ESF) to support the investment priorities outlined in the ESF Operational Programmes (OP) of the Member States. They can contribute to the achievement of the thematic objectives of the ESF, provided that they can address an identified market gap.
While the implementation of ESF financial instruments for the 2014-2020 programming period is still underway, Member States are already looking forward to the next programming period challenges and opportunities, where social innovation and social entrepreneurship will be even higher on the EU agenda. In this respect, it is expected that a strong potential for financial instruments under ESF will be constituted by initiatives supporting social entrepreneurship with measurable social impact.
The purpose of the workshop is to:
- Provide participants with an opportunity to learn from the experiences in Portugal and other Member States in implementing financial instruments to support social innovation and social entrepreneurship, like Social Impact Funds and Social Impact Bonds;
- Create a forum for participants to share their own experiences and progress in implementing similar financial instruments, both in the current and in the next programming period;
- Enable participants to exchange on a peer-to-peer basis with the speakers and other participants on ways to deal with technical challenges they face regarding the design, set-up and implementation of complex initiatives in support of the social sector.
This thematic workshop is designed especially for ESF managing authorities and other stakeholders from all EU Member States directly involved or planning to become involved in the design, set-up and implementation of financial instruments in support of social innovation and social entrepreneurship. The number of participants will be limited in order to encourage peer interaction.