Social Impact, Human Capital & Skills
“Making money care more” isn’t just a tagline for our social impact campaign. It’s about ensuring that every euro spent has an impact well beyond its financial journey. More importantly, it’s a principled position that informs our support for social entrepreneurs and micro enterprises, empowering them with the requisite financing to generate the widest social impact possible. That’s why we extended support to microfinance institutions, social impact funds and social enterprises, all of which have a societal component as much as they do a business one. In concrete terms, this support included guarantees, counter-guarantees, loans, equity investments and capacity-building support.
In an EIF first, we embarked on our very first social housing programme, and we look forward to expanding our activity in this domain in the future. And since Europe and culture are synonymous, we bolstered our support for the cultural and creative sectors, which continue to inspire and define our individual and shared identities as well as draw people from all over the world to our cities, museums, festivals, and concert halls.
In addition, we continued our work in support of students and learners of all ages who are looking for that financial boost that will allow them to invest in developing their skillset and meet the demands of the twenty-first century’s changing economic landscape. And speaking of change, we have continued to push ahead with our diversity agenda, making every effort to promote better gender balance across the venture capital ecosystem in particular, through financing, research and knowledge-sharing initiatives.
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