DATE DE PUBLICATION 04/11/2021

Social finance week from November 8th to 15th

Since 2008, the Social Finance Week takes place each year in November, aka the Social Economy Month in France. It aims at raising public awareness about social finance though various events all over France. The 14th edition will be held from November 8th to 15th. As the last French Social Finance Barometer published by FAIR (former Finansol) shows, this initiative is becoming increasingly important.

 

Sponsored by the daily newspaper Le Monde as well as by FAIR, the “Grands Prix de la finance solidaire” will be awarded during this week. The prizes will be granted to social enterprises that have been supported by social finance. The prizewinners will be announced during the award ceremony on November 9th at the City Hall of Lyon.

 

Social finance, and more specifically solidarity-based finance as we call it in France, supports various social or environmental ventures with citizen’s savings. Savings are invested partially or totally in activities like job creation for people who have been out of work for some time, housing very low-income families, energy-saving devices or business start-ups in developing countries. Asset management companies collect solidarity-based savings and invest them in social investment companies. France Active Investissement thus mobilizes those savings to finance social enterprises, at every stage of their company’s life (seed stage, development, recovery, etc.). With 254,8 million euros in capital at the end of 2020, France Active Investissement invested in 2020 more than 22 million euros in 338 social enterprises.

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