Making Impact Real: How to encourage public–private investment for public services and foster innovative, sustainable and inclusive growth in Europe

Launch of policy paper (Brussels, 10 November 2015)

The Young Foundation with the support of Unipol Group (the mutual and second largest insurance group in Italy) has completed a pioneering research project on the role of social investment in the new investment strategy of the EU collecting case-studies on public – private partnerships to transform public services.

The findings have been reported in the policy paper “Making impact real. Encouraging investment into social infrastructure and public good to stimulate the European economy” to be launched at a seminar on organised in partnership with the Brussels-based think-tank European Policy Center (EPC)

Based on a wide bibliographic review and data and insight collected through semi-structured interviews with practitioners, the policy report looks at how the European Union (especially the Junker Investment Package launched in November 2014) could foster investment into: (i) preventative and capacity building programmes (“social investment”); (ii) projects achieving at the same time financial and social returns (“public good”) and (iii) multi-stakeholders partnerships systematically addressing entrenched social issues (“systemic social innovation”); as a means of renewing economic growth in a selection of member states: Italy, the UK.

We argue in favour of collaboration between public, private and third sectors; how a multi-stakeholder approach is essential in order to properly account for the complexity of social needs. We show that public funds have the potential to leverage private capital, thereby providing the resources needed for societal change.

Read the Young Foundation’s report on social investment Making Impact Real here.

Find agenda 10 November event in http://www.epc.eu/calendar.php

A shortened version of the paper ‘From Good to Growth’ has been produced as a chapter of the next publication of Cassa Depositi e Prestiti, The Italian public investment bank, and will be launched at Rome Investment Forum 2015, “Financing Long-Term Europe” (Rome, 11th – 12th December 2015) organised by the European Association of Long Term Investors (ELTIA).

The chapter has been produced thanks to the EU funded project Dolfins.

Read the shortened version of the paper ‘From Good to Growth’ here.

For more information please contact filippo.addarii@youngfoundation.org