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Social Impact Italia” is the investment platform (“SII Platform”) jointly promoted by CDP and the European Investment Fund (“EIF”) in order to foster the development of the Italian inclusive finance market in support of social entrepreneurship.
CDP and EIF join forces to promote and sustain social innovation and inclusion, through an initiative dedicated to the support of impact finance in Italy.
How it works
SII is the first Platform operating in the Italian impact investing sector, the impact finance segment related to investments in risk capital, with the aim of stimulating innovative entrepreneurial initiatives and favouring social inclusion.
The Platform idea is based on CDP’s intention of actively engaging private resources in social investments, traditionally reserved to public finance and non-profit entities, by investing risk capital in financial operators that, in various ways, are active in such sector.
In this respect, the investment scheme of SII is designed on the basis of a “patient” approach, combining the generation of a positive and measurable impact on society and territories with the long term economic sustainability, identified through a structured and selective evaluation process.
Furthermore, SII Platform represents a fundamental milestone of CDP’s wider strategy in sustainable finance as a National Promotional Institution, which includes diversified actions, such as the “social bond” issuance and the “social housing” investments.
Finally, thanks to the partnership with EIF, the Platform allows CDP to attract into our country further resources deriving from European Commission and EIB Group programmes.
The overall resources allocated to Social Impact Italia amount to 100 million euros, committed in equal measure by CDP and EIF. Such resources will be invested in the strategic reinforcement of financial players specialised in impact finance, represented by investment funds and financial intermediaries, in order to widen their intervention capacity in favour of social entrepreneurship and, in general, of the other non-profit economic operators.
The ultimate goal of Social Impact Italia is, in fact, to foster the creation of new operators and initiatives with a social impact, as well as the consolidation and the expansion of existing ones, by promoting the professionalization of the related financial industry and by investing significant resources to increase the depth of a market that is still underdeveloped, in terms of both transaction volumes and operators.
Social Impact Italia will adopt a flexible investment approach, inspired by international best practices and designed to enhance both EIF’s recognised international expertise in the impact investing sector and CDP’s knowledge of the domestic market.
The Platform’s intervention scheme envisages equity investments aimed at achieving specific social and economic impact objectives and focused on two primary targets:
The SII Platform will identify potential investment opportunities by evaluating their overall profile, considering not only their profitability and economic sustainability, but also and more importantly the social impact generated by the underlying initiatives, which will be measured periodically with respect to specific impact indicators.
For further information, please write to: