Title
Consultation on promoting Social Investment Funds as part of the Social Business Initiative

Policy field
Internal Market

Target group
All citizens and organisations were welcome to contribute to this consultation. This includes social businesses, producers and distributors of investment funds and other financial products and services, institutional and retail investors, social rating agencies or social accreditation institutions, local, national and regional authorities, philanthropic organisations and networks, and any other stakeholders interested in the evolution of social business and social investments.

Period of consultation
From 13/07/2011 to 14/09/2011

Objective of the consultation
The consultation seeks feedback on possible options for aiding social businesses by means of investments from private individuals channelled through investment funds. Investment funds are an established mechanism for matching investors and those seeking investments, and could help social businesses get funding. Some initial feedback on the Single Market Act has suggested certain barriers to funding social businesses in this way might exist, because of the nature of these businesses, and possibly because of existing rules applying to those running funds. The consultation outlines some of the issues and asks for input on possible next steps.

Consultation document

Reference documents

Contact details
Responsible services: Directorate General Internal Market and Services
E-mail: MARKT-SOCIAL-INVESTMENT@ec.europa.eu
Postal address:European Commission, B-1049 Brussels, Belgium

Reason why the consultation period is less than 8 weeks
So that the Commission will be able to make a proposal before the end of this year.

Number of responses received to this consultation
67

View the contributions
In the interests of transparency, organisations have been invited to provide the public with relevant information about themselves by registering in the Interest Representative Register and subscribing to its Code of Conduct. If the organisation is not registered, the submission is published separately from the registered organisations.

Results of consultation and next steps

Last update: 01.12.2011