1. SEN PEER REVIEW Access to finance Introduction
Warsaw, May, 2016
Piotr Stronkowski

2. Objectives of the peer-review
Support the dissemination of good practises, ideas, experiences
Enhance better understanding of the nature of new solutions
Support the transfer of good practises to other countries
Discuss the policy implications of good practises, particularly for the ESF

3. Three areas of the peer review
Access to finance
Ecosystem for innovation and innovative instruments
Measurement of social value added
Pilot loan fund for social enterprises

4. Two main reasons for searching for new solutions
Growing constraints of public finance
Concentration on results

5. Investing in social innovation, particularly in Social Impact Bonds
Development and strengthening of the ecosystem of social and financial innovation
Who should be involved (and the role of the government)?
How to support the development of such systems?
How the ecosystem can support new, innovative solutions?
What role the ESF can play?
Implementation of new financial instruments - SIBs
Who should be responsible?
Selection of areas of intervention
Detailed mechanism of implementation
Challenges that need to be taken into account
Role of the ESF

6. TOOLS AND USERS OF MEASURING SOCIAL ADDED VALUE
Focus on needs of financial institutions and institutions distributing funds for tools of measuring social added value
Measurement of social value-added ex-ante or measurement of the impact of funds (ex-post)
How to combine comparability and adjustment of tools to specific types of social enterprises?
Focus on the practical implementation of the tools (a proper balance between relevance and cost of their implementation)
The role of all actors (social enterprises, financial institutions, governments, EU level)
Distribution of costs and benefits of implementation of such tools
Support for financial institutions and social enterprises

7. THE PILOT LOAN FUND FINANCED FROM THE EUROPEAN SOCIAL FUND IN POLAND
The process of learning of all actors – from the small group of people engaged to the relatively complex system of financial instruments addressed to social enterprises
The shift in the policy approach of the ESF – from the grants-oriented toward openness for financial instruments
Critical importance of implementation details: who, how, when, for whom etc.
Low capacity of social enterprises – importance of the quality and relevance of support system

8. Thank you for your attention