212 members and counting...
Social Investment and Venture Philanthropy are bringing more and more organisations together. This month two new members are joining EVPA and becoming part of our impact ecosystem.
is a Netherlands based foundation funding and supporting projects which improve social cohesion in Dutch neighbourhoods, villages or cities.
The Schöpflin Stiftung
is a Germany based foundation, active in the areas of education, health and civil society.
Introducing Venture Philanthropy in Central and Eastern Europe
Thanks to a grant from the Charles Stewart Mott Foundation, EVPA is now able to better promote and develop Venture Philanthropy and social entrepreneurship in the Central and Eastern Europe region. Apart from increasing the knowledge and understanding of the various forms of VP there, we´ll also explore opportunities to create VP funds in cooperation with local philanthropists in the CEE region. More information here.
Welcome back Alessia Gianoncelli!
We're delighted to welcome back our former colleague Alessia who is rejoining us as Research Associate. Previously, Alessia was in touch with many of you as Research & Policy Analyst and as Project Analyst, working on a number of research publications, including the industry and membership survey and the case studies on impact measurement. In her 'break' from EVPA, Alessia was a blue book trainee at the European Commission, DG Economic and Financial Affairs in Luxembourg working among other on the topic of social enterprise finance. You can find out more about her here
60 Social Impact Bonds across 15 countries show growing global momentum
- Guest blog by Hannah Butler
from Social Finance
"In 2010, Social Finance pioneered the world’s first Social Impact Bond in Peterborough. The response was unexpected; governments, social organisations and investors contacted us to understand: How did it work? How did we design the intervention? Why choose that prison, those offenders?"
(...) To date, more than 60 Social Impact Bonds have been launched, across 15 countries, together raising more than $200 million in investment to address social challenges. Interim or final results are available from 23 projects, of which 22 have reported positive outcomes for beneficiaries."
The complete blog post is available on our website and provides a snapshot of the evolution of SBI's, and Social Finance's UK's research, learnings and experiences with the instrument.
Investing in Social Businesses in the Western Balkans
- Guest blog by Daniel Nowack
from Yunus Social Business
"Nadira smiles and takes a sip from her coffee. We are in one of the many cafes and bars in Tirana – enjoying the Balkan culture of meeting over coffee with the Yunus Social Business Balkans team. Nadira is the founder of Udruzene, a social business in Bosnia that employs women in rural, post-war communities to produce hand-knitted products for the international market. (..)
When Europeans hear about the Western Balkans, with countries such as Albania, Bosnia & Herzegovina, Kosovo, Macedonia, Montenegro and Serbia, many think about refugee crises, political instability and the Balkan wars. But for Nadira, her fellow social entrepreneurs, social investors such as us and accelerators, the Balkans is a region of opportunity – both economically as well as socially."
Find out more about who is active and what is happening in social investment and VP in the (Western) Balkans.
New investments by I&P
The fund I&P Afrique Entrepreneurs (IPAE) welcomes three new companies in its portfolio. They include Enko Education, an organisation developing a large network of private schools, Barajii, which produces and commercialises water and locally produced fruit juices while Africa Radio is an African and independent radio mixing news, music and sports. Read more here
BonVenture has made a Second Closing of its BonVenture III Fund with
€ 20M now available. Bonventure III funds have been used to make two investments so far: in a company bike and a home care company. The press release, in German, can be found here.
New tax relief for social investors brings in over £3m for good causes
Uk's charities and social enterprises have received £3.4m in two years thanks to Social Investment Tax Relief (SITR)
, say think tank NPC for Big Society Capital. NPC’s paper published this July, found:
• 30 projects have raised investment using SITR deals since April 2014
• On average these investments have raised capital of £100,000 for causes including education, homelessness & work in local communities
• Over 170 investors have invested into SITR deals, significantly high net-worth individuals and angels
• An increasing number of retail investors — often members of the local community via community shares — are using SITR with the average investment size as low as £230
EVPA Contribution: EuSEF Proposal & GECES call to European Commission
As Brussels returns from its summer holidays, there is plenty of EU news to report. The European Commission has tabled a new EuSEF Regulation proposal based on feedback by EVPA and other stakeholders, while its Expert Group GECES
, of which former Director and now Policy Advisor Lisa Hehenberger is a member, is about to adopt key policy recommendations. The Group is calling on Commission President Juncker to make social enterprises and the social economy a top priority for 2017. Find out more here
Former Commissioner Michel Barnier, one of the initiators of the Social Business Initiative, and European Commission President Juncker
© European Union, 2016
EVPA contributes to Principles and Practice of Impact Investing, a Catalytic Revolution
"Principles and Practice of Impact Investing” discusses the foundation of the impact investing movement, analyses international cases and charts future trends in the field. We’re proud to be contributors to the publication, our chapter “From philanthropy to venture philanthropy” explains the transition from a more classical type of philanthropy to where the sector is today. Purchase the publication and discover more.
Collected learnings on supporting young social entrepreneurs
A summary report by GSEN of the best practices collected from young social entrepreneurs and practitioners working with youth across Europe; the support needed and best tools to reach out to young people and inspire them. For more information, download their report.
Financial instruments working with social entrepreneurship
If you are working within the EU finance ecosystem, make sure you have a look at this factsheet explaining how to distinguish social enterprises' financial needs from those of other enterprises and how to address these needs using European Social Fund financial instruments. Download the publication here.
EVPA on the Road
Our team members cover a lot of ground each month. Here is an overview of where they will be in the coming months should you want to get in touch with them and meet up.
News in brief
The impact of Venture Philanthropy
Ever since Venture Philanthropy started spreading in Europe, supporters and critics have discussed its merits. EVPA's Chair, Madeleine Clarke, shares our point of view on the approach in this latest article
featured in Pioneers Post.
Commission Call for Experts
Bridging the gap between social enterprises and funders
Watch Hedda Pahlson-Mollers’s lecture
on fundraising for social entrepreneurs. The lecture is part of the openSAP's MOOC "Enabling Entrepreneurs to Shape a Better World” and provides an overview of the financing sector for social purpose organisations.
It's all about relationships
Do you have experience in grant making or VP? Big Society Capital is looking for a Relationships Director. Go through the full job description here
and see if you have what it takes to be their new Director.
Innovation in Sports
“Sporting progress is often incremental, but occasionally athletes come along and try something completely different.” Nesta’s article is all about innovation in sports. Interested? Read the full article now
Last chance to enter Occitane call
L’OCCITANE’s international program, Union for Vision – 10by20, has brought eye care to more than 2 million people since 2000. Their ambitious new goal is to reach 10 million beneficiaries by 2020. Now Fondation Occitane is opening a new call for projects to fight avoidable blindness in countries where they have an office. Find online the application form
and the list of countries. Your submission should be sent before September 5th.
Social Stock Exchange heads for Glasgow
The London based Social Stock Exchange (SSE), offering investment with a social impact, is to open in Glasgow. Launched as part a Big Society Capital initiative three years ago, the SSE now has 35 member companies worth over £2billion, who raised some £400m last year on the exchange.
Grameen Crédit Agricole 2015 Report
A snapshot of Grameen Crédit Agricole Foundation`s 2015 activities. The Foundation was active in 27 developing countries. The foundations partners, 59 microfinance institutions and social business companies, were serving 3.3 million active borrowers, of which 85% women and 79% of them living in rural areas. At the end of 2015, the Foundation's commitments in micro-finance amounted to nearly € 30 million. For more information download their 2015 Annual Report
Gender and Rural Development in Eastern Europe and Central Asia
This brief overview by member WOCAN discusses key issues that affect rural women in the region. The report helps in advocacy for women's rights and enhancing the impact of development interventions. Download the full report here.
Legal pointers for charities and social enterprises
BWB’s latest publication, “A Simple Guide to Financial Promotions”
is offering a legal briefing for charities and social enterprises considering raising funds through investment. Are you a trustee, director or senior manager of a charity or social enterprise? The publication may be of your interest.
Your Article Featured in EVPA's Newsletter
EVPA members, please send your news to Linde Wolters
to be included in EVPA's next Newsletter.