European Social Fund
Factsheet (fi-compass study on the Social Impacts Bond programme under Portugal’s Social Innovation Initiative)
This fi-compass publication explains pioneering European Social Fund (ESF) financing instruments in Portugal that are being implemented during the 2014-2020 programming period through a Social Innovation Initiative with the special focus on the Social Impact Bonds Programme. The study had two main objectives:
The scope of this factsheet is to serve as guidance for European Social Fund (ESF) managing authorities that decide to set up a microcredit financial instrument.
This factsheet aims to provide an overview of the State aid rules with implications for the use of financial instruments financed through the European Social Fund (ESF) in a concise and user-friendly manner. The factsheet is based on the relevant European Union (EU) Regulation, available fi-compass resources and the European Commission’s (EC) ‘Guidance on State aid in European Structural and Investment (ESI) Funds Financial instruments in the 2014-2020 programming period’.