New factsheet on Social Entrepreneurship published by fi-compass

A new advisory publication has been released by fi-compass which explains the role that financial instruments for social enterprises can play in supporting Member States’ objectives for inclusion and employment. This factsheet, titled ‘Financial instruments working with social entrepreneurship’, is now available for downloading and sharing via the fi-compass website.

First ESI Fund financial instruments combined with EFSI

Previous news stories from fi-compass have highlighted the use of financial instruments from the European Structural and Investment Funds (ESI Funds) in combination with complementary instruments from the European Fund for Strategic Investments (EFSI). News about the European Commission’s guidelines on combining ESIF and EFSI have also been featured for fi-compass stakeholders. A summary of these guidelines is available in 23 EU languages. They explain that EFSI can invest side-by-side with ESI Funds in Member States to help mobilise large financial volumes to generate growth and create jobs.

European Microfinance Network Annual Conference: ‘Shaping European Microfinance: Who, What, and For Whom?’

The European Microfinance Network (EMN) will hold its 13th Annual Conference in Warsaw (Poland) on the 16th and 17th June 2016. It is the conference for stakeholders of the European microfinance sector and about 250 delegates are expected to attend, including EMN member organisations, experts, and representatives from other institutions active in the microfinance sector.

Microcredit and guarantee instruments in Italy’s Marche region

Sharing knowledge and experience about financial instruments in action is a central part of the fi-compass remit. Such networking happens through information events and written case studies. One example of this peer exchange refers to lessons learned from using microcredit in Italy’s Marche region. Here, a microfinance instrument has been successfully promoting social inclusion using microcredit and a guarantee fund that can also be combined with grants and business mentoring advice. This approaches uses co-finance from both the European Regional Development Fund (ERDF) and the European Social Fund (ESF).

Financial instruments under the European Social Fund promoting Social Impact Investment

Member States can use the European Social Fund (ESF) to support financial instruments such as loans, guarantees or equity products. These opportunities can help to improve access to finance for organisations, enterprises or individuals in ways that create both financial and social benefits and contribute to the ESF thematic objectives and Europe 2020 targets. Measuring social as well as financial returns is a key element of Social Impact Investment (SII).

New summary (in 23 languages) of guidelines on combining European Structural and Investment Funds with the European Fund for Strategic Investments

The European Fund for Strategic Investments (EFSI) – the heart of the Investment Plan for Europe - and European Structural and Investment Funds (ESI Funds) both play a crucial role in creating jobs and growth.