Social Services have significant investment needs given the rising demand for services, the important job creation that comes alongside such demand and the necessity to develop high quality, personalized and user-driven care and support services in line with the EU’s human rights principles. The European Fund for Strategic Investment (EFSI) can be a useful tool in which to unlock investment into high quality social services and improve career paths for its workforce.
Despite this potential, only 3% of EFSI investment has been dedicated to “social infrastructure”; far below the possible contribution EFSI could make towards such a growing sector. The Seminar will aim at discussing how the EFSI could better target investment into this field, as well as tackling the many issues that arise when discussing the financing of such an important sector: quality requirements, user involvement, role of public and private financing, etc.
The Seminar –hosted by Ms Romana Tomc- will also be the perfect opportunity to discuss how the European Parliament’s report on the “Implementation of EFSI” could ensure that such a financial mechanism can contribute significantly to social inclusion in Europe, in particular through investment in high-quality social services. Ms Romana Tomc is also the EMPL Committee’s rapporteur for the report on the Implementation of EFSI.
A full briefing on the state of play about EFSI and Social Services can be found here.