Social Impact, Human Capital & Skills
As we transition rapidly towards a greener, digital economy, we need to ensure that it remains an inclusive economy. We need to make money care more. Achieving that goal involves the channelling of public resources in the direction of real social impact on the ground.
In 2022, for the EIF that has meant developing human capital, investing in helping people upgrade their skillsets to adapt to a changing world. It has meant reaching out and offering improved access to finance for the smallest actors of the economy who are always the worst hit in times of crisis - even more so in periods of prolonged economic turbulence and multiple economic shocks. And it has meant stepping up our efforts to tackle inequalities, by focusing for instance on disadvantaged communities and areas and promoting the role of women in the venture capital and private equity spaces.
At the same time, it has meant a continuation of our support for the cultural and creative industries that play such a crucial role in shaping our identity, culture and values, making financing more readily available and on better terms.
Finally, it has meant a series of investments in the social impact sphere, supporting impact funds and social entrepreneurs and all those business leaders who aim to do good as much as they intend to do well.
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