From good to growth. Promoting social investment and public good to stimulate the European economy
While I’m writing the case on the impact investing strategy in the PPP for Treviso new hospital I realized how far-sighted was the paper I co-authored with Fiorenza Lipparini, Indy Johar and Seva Phillips (2015) that became the conceptual framework for PlusValue.org, the new research and consultancy company that Fiorenza and I established a few months later. Finally we are putting in action its conclusions.
“ This paper makes the case for using the new €315bn European Fund for Structural Investment to foster investment into: (i) human capital development programmes (“social investment”); (ii) projects which achieve both financial and social returns (“public good”) and (iii) multi-stakeholder partnerships which systematically address entrenched social issues (“systemic social innovation”). Together, these will stimulate economic growth across the European Union. We have made this case because it is clear that austerity alone cannot put Europe back on the path to growth. Through a comprehensive literature review and discussion of case studies we illustrate the power of collaborative approaches between the public, private and third sectors. We argue that a multi-stakeholder approach is essential properly to respond to the complexity of social needs. We show that public funds have the potential to leverage private capital, providing the resources to create social change.”
If you are interested in the topic read the full paper: https://youngfoundation.org/wp-content/uploads/2015/10/From-good-to-growth.pdf