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The European Investment Fund (EIF), with the collaboration of private sector investors, has launched the Social Impact Accelerator (SIA), the first pan-European public-private partnership for social impact investing. SIA is a pilot initiative which addresses the growing need for availability of equity finance to support social enterprises, a segment of the business world which is becoming increasingly instrumental in promoting social inclusion, providing alternative sources of employment for marginalised social groups and contributing to growth.
SIA, which is set up as a fund of funds, seeks to mobilise an initial amount of EUR 60m of capital for investment in social impact funds. Crédit Coopératif and Deutsche Bank are joining the European Investment Bank Group ...
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