Social Impact Vouchers

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Facing challenges of long-term unemployment and remaining difficulties for integrating disadvantage groups into the labour market, the SIV project will introduce a novel instrument to increase the capacities of social enterprises and public stakeholders for leveraging private capital for solving social challenges of unemployment. The partners will jointly test the initiation of Social Impact Funds in the CE countries to make use of private capital for integrating disadvantaged- groups into the labour market. On this line, the partners will also establish the capacities for an incentive system for SMEs to hire long-term unemployed people, based on a voucher system. The voucher system will be financed via the Social Impact fund.  Building on these pilot activities, the partners give guidance to stakeholders on how to create the necessary capacities and abilities to replicate both the Social Impact Fund and the voucher system.

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