Euclid pushes for European social bank

Charity leaders' network plans feasibility study

Euclid, the network of third sector leaders, is to seek funding from charitable foundations in several countries for a feasibility study on a Europe-wide social investment bank that would act as a wholesale lender to other social finance institutions.

The move follows a meeting between Filippo Addarii, executive director of Euclid, Stephen Bubb, head of chief executives body Acevo, and influential figures in the French and German social investment sectors.

Addarii said the idea had support from French bank Credit Cooperatif and from German academic Helmut Anheier, director of the Heidelberg Centre for Social Investment.

"We don't yet know whether it would be a bank with public funding from the European Union, a fund with cash from governments, individuals and institutions or a mixture of the two," said Addarii. "We need to look at which model will work best.

"We looked at the model that is being developed in Britain, which was explained to us after we met a senior official from the Office of the Third Sector and we decided that we could use a similar model in Europe."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Cyber and data security - how prepared is your charity?

With a 35 per cent rise in instances of data breaches in Q2 and Q3 last year, charities must take cyber security seriously

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now