EU meeting on social investment bank

"Plenty of interest from MEPs," says Euclid

Key players in the development of social finance in the UK are being invited to address MEPs about the development of a European social investment bank.

Delegates invited to the April meeting, which will be open to MEPs and other EU finance figures, will include Jonathan Lewis, chief executive of Social Investment Business, and Ronald Cohen, chair of the Commission on Unclaimed Assets, as well as social finance leaders from the Netherlands, France and Spain.

The meeting, set up by Euclid, the European network of third sector leaders, will discuss the form and function of the bank, which would act as a social wholesaler for finance institutions throughout Europe. A precise date for the meeting has not yet been set.

"The European Union is at the mid-point in its budget cycle," said Filippo Addarii, executive director of Euclid. "We need to present this idea to them now, in plenty of time to get it into the next cycle of EU funding.

"But there is plenty of interest from MEPs of all political parties, and it is a good sign that they have invited us to hold this meeting."

Addarii said MEPs were also interested in hearing from Euclid on a number of other subjects, including the possibility of setting up a stock exchange for social enterprises.


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