Characterisation of impact funds and their potential in the context of the 2030 Agenda

  1. Mª Ángeles Huerta Carrascosa
  2. Celia de las Heras García
  3. Juan C. Santamarta 1
  4. Margarita Martínez-Núñez
  5. Mª Dolores Storch de Gracia
  6. Noelia Cruz-Pérez 1
  1. 1 Universidad de La Laguna
    info

    Universidad de La Laguna

    San Cristobal de La Laguna, España

    ROR https://ror.org/01r9z8p25

Revista:
Sustainability

Año de publicación: 2021

Volumen: 13

Número: 11

Páginas: 6476

Tipo: Artículo

DOI: 10.3390/SU13116476 GOOGLE SCHOLAR lock_openAcceso abierto editor

Resumen

The European Union has incorporated impact investment through two action plans: the Social Entrepreneurship Initiative and the Investment Plan for Europe. These financing tools seek to fund economic growth and promote job creation. Among the different measures carried out, the regulatory framework for impact investment funds stands out, under which the denomination, European Social Entrepreneurship Fund, is established to designate investment funds focused on social enterprises with the objective of generating a positive impact. It is possible to affirm that the creation of a solid impact intermediation infrastructure, by connecting both sides of supply and demand, is a critical aspect for the development and effective functioning of the impact market. Special importance is given to impact funds capable of attracting private capital. In order to categorise the different impact funds according to the most relevant aspects, a proposal form for the characterisation of impact funds has been drawn up and has been applied to a particular case. The presentation of Creas will allow for contextualising the practices that impact funds carry out and facilitate the general understanding of the article through a specific example that is considered successful in Spain

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