European Social Fund

Factsheet (European Social Fund financial instruments and State aid)

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’.

Supporting social investment: venture philanthropy perspectives

Opportunities exist for financial instruments to support social investment by working alongside venture philanthropy. This topic was discussed by delegates at our European Social Fund conference in Brussels earlier this year. Speaking during the conference, Madeleine Clarke from the European Venture Philanthropy Association (EVPA) noted that "philanthropy is not seeking financial advantage" and that "philanthropy can make useful contributions to social impact investments, particularly during the early development stages of investment projects where public or private investments may be limited in its ability to take risks."