The current economic and social crisis has been challenging traditionally established patterns in social sector. Limited/shrinking financial resources cannot ¬satisfy the growing needs of the social sector, among which ageing population, increasing number of NEETs (young people not in education, employment or training), greater need for health services etc. Growing societal challenges are calling for social innovation and a stipulation of a new social economy, which would connect the public-private-third sectors. The economic concepts of capital and investment would become social policy instruments and would give a greater value for money in public services.
The AlpSib project is addressing NEET and seniors’ needs by introducing innovative solutions. The project is set to accelerate social impact investments (SII) and focuses especially on social impact bonds (SIB). It plans to accelerate SII by developing a Social Impact Investing Hub for knowledge sharing, policies coordination and development and for assisting the supply chains in setting up new SII initiatives.
Total eligible costs: 2.152.988,00 EUR
ERDF grant: 1.830.039,80 EUR
Total eligible costs for PP: 139.000,00 EUR
ERDF grant for PP: 118.150,00 EUR
Project duration: 01/11/2016 – 30/04/2019
For more information see: http://www.alpine-space.eu/alpsib