Home > Uncategorized > Lobbying continues for EU Bank for Social Investment

Lobbying continues for EU Bank for Social Investment

The Euclid group continues to lobby for reform of social financing in Europe to respond to the current financial crisis facing us all. Established in 2007 the Euclid Network connects around 300 leaders from 24 countries from across Europe for a more innovative, professional and stronger European civil society.

The organisation is working on a number of fronts including: a better usage of existing resources and the development of new sources of income through the reform of European funding, the establishment of a European Bank for social investments and supporting members in innovative fundraising and developing the social enterprise business model.

The idea of a European Bank for Social Investments is a good one, as the availability of credit and capital is tough enough for business never mind those who are developing Social Enterprises. 

The aim of their Sustainable Funding programme is to increase scale and effectiveness of available funding and develop a culture of sustainable financial management.

They also announced in March that they had received funding from the European Commission to run 35 exchanges for social entrepreneurs, an Erasmus for Social Entrepreneurs. These exchanges must be between EU member states and generally last one month. Members can receive €1,100 towards their costs for a one-month exchange, as well as induction information and preparatory briefings.

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