Central European regions face challenges related to long-term unemployment as well as difficulties in integrating disadvantaged groups into the labour market. The SIV project will introduce a novel instrument to increase the capacities of social enterprises and public stakeholders to leverage private capital for solving social challenges of unemployment.
The project partnership includes social enterprises, non-profit organisations and competence centres, who will jointly test the initiation of “Social Impact Funds” to make use of private capital for integrating disadvantaged groups into the labour market.
Based on a voucher system, the project will also develop capacities for an incentive system for companies to hire long-term unemployed people. Building on these pilot activities, the partners will give guidance to stakeholders on how to create the necessary capacities and abilities to replicate both the “Social Impact Fund” and the voucher system.
More information will follow soon.