EMPREGABILIDADE JOVEM E INVESTIMENTO SOCIAL

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FOCUS GROUP

EMPREGABILIDADE JOVEM E

INVESTIMENTO SOCIAL

[YOUTH UNEMPLOYMENT AND SOCIAL INVESTMENT /

VENTURE PHILANTHROPY]

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PARTE I – BOAS VINDAS [WELCOME]

Boas vindas dos parceiros para o Grupo de trabalho para o Investimento Social:

[Welcome from the Portuguese Social Investment Taskforce]:

• Fundação Calouste Gulbenkian

• Social Finance UK

• Laboratório Investimento Social

Boas vindas da parte da [Welcome from]:

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19 March, 2015

European Venture

Philanthropy Association

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Venture Philanthropy

is

about societal impact.

about

building strong impact-centric organisations

; it therefore implies

high-engagement, and long-term.

about providing

financial and non-financial support;

it demands a

wholistic view

, and includes social impact tools spanning grant-giving to

investing.

About Venture Philanthropy /

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About Venture Philanthropy │

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Over

€5 billion invested since inception

Average financial support per VPO increasing

by 28% to

€8 million from FY 2012 to FY 2013.

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EVPA is a membership association made up of organisations interested

in or practicing venture philanthropy and social investment (VP/SI) across

Europe. EVPA currently gathers over 180 members from 25 countries.

Objectives

• EVPA is about increasing the effectiveness of VP/SI practitioners in

Europe.

• EVPA is also about increasing the resources dedicated to VP/SI in

Europe.

Introduction to EVPA / Our

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Introduction to EVPA / The platform

Peers who will help you learn

and practice

Cutting edge

VP/SI tools, research and resources Gain visibility as a practitioner A network that spans 25 countries A voice on EU and national level

EVPA is the platform to learn more and connect better. We take a

community based approach to all our activities.

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Introduction to EVPA /

Our diverse membership

Service providers Financial institutions Other associations Academic institutions Foundations Impact investing finance first Private Equity firms VP/SI organisations

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European Commission / SBI local

activities

More visibility to SE Improved access to finance Improved access to finance

Social Business Initiative

Mapping Exercise EuSEF Certification

Portugal

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19 March, 2015

EVPA

94, Rue Royale

B-1040 Bruxelles

Tel: +32.2.5132131

www.evpa.eu.com

info@evpa.eu.com

Twitter:

@_EVPA_

Linkedin: european-venture-philanthropy-association

Federica Saccia

Southern Europe Manager

fsaccia@evpa.eu.com

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Empregabilidade Jovem [Youth Employment] Focus group em Lisboa:

Explorar casos de estudo/boas práticas de projetos de promoção da empregabilidade

jovem cujo financiamento e modelo de intervenção tenham uma abordagem de

filantropia de impacto/investimento social.

[Explore case studies/best practices of projects that tackle youth unemployment that are

funded and whose intervention model has a venture philanthropy/social investment

approach]

Partilha de experiências entre projetos Portugueses e projetos internacionais de

promoção da empregabilidade jovem.

Shared learnings exchange between Portuguese projects and international projects that are

promoting youth employability.

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O GT Português para o Investimento Social tem o apoio da Comissão Europeia e junta actores-chave dos sectores social, público e privado de forma a elaborar uma série de recomendações que apoiem o desenvolvimento de um mercado de investimento social em Portugal.

METODOLOGIA E ABORDAGEM DE TRABALHO

APOIO TÉCNICO E ADMINISTRATIVO AO GT RECOMENDAÇÕES FINAIS DO GT INVESTIMENTO SOCIAL R1 R4 R2 R3 R5 NOTAS DE INVESTIGAÇÃO

PARA CADA EQUIPA DE TRABALHO JUL 20 14 – JUN 2 0 15 • Casos de estudo e boas práticas • Aplicabilidade ao contexto Português • Sessões plenárias e reuniões individuais • Plano de trabalho e objectivos • Apoio na tomada de decisão e discussão em grupo MAIO 2015 MAIO – JUN 2015 RELATÓRIO FINAL JA N -FE V 2 0 15

4 FOCUS GROUPS TEMÁTICOS

A B RIL 2 0 15 • Foco em temas específicos: empregabilidade jovem, capacitação para o impacto e investimento social, mecanismos financeiros e inovação social no sector público

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Parte I: introdução [Introduction]

14:00 – 14:20 Boas vindas e apresentações [Welcome and presentations]

Parte II: contexto

14:20 – 14:25 Temas do investimento social [Case Studies] 14:25 – 14:35 CE1: Social Impact Bond [Thinkforward]

14:35 – 14:45 CE2: Filantropia de Impacto [Venture Philanthropy] [CRT Fondazione]

14:45 – 14:55 CE3: Evidência e orientação para resultados [Evidence- and results-based decisions] [Ashoka]

Intervalo [Break] 14:55 – 15:10

Parte III: Caminho para o investimento social [the journey towards social investment/venture philanthropy] 15:10 – 15:40 A seleção e processo de due diligence [pipeline and due diligence]

15:40 – 16:10 O acompanhamento e avaliação de resultados [monitoring and outcome evaluation] 16:10 – 16:40 A análise das necessidades/realidade Portuguesa [identifying gaps and needs]

Intervalo [Break] 16:40 – 16:50

PARTE IV: Próximos passos e oportunidades [next steps and opportunities]

16:50 – 17:15 O que está acontecer em Portugal [what is happening in Portugal]

17:15 – 17:30 Oportunidades de colaboração internacional [international opportunities]

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PARTE II – FILANTROPIA DE IMPACTO [VENTURE PHILANTHROPY]

Characteristics of VP 1) High engagement 2) Capacity building 3) Tailored financing 4) Non-financial support 5) Involvement of networks 6) Multi-year support 7) Performance measurement www.investimentosocial.pt

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PARTE II – INVESTIMENTO SOCIAL [SOCIAL INVESTMENT]

www.investimentosocial.pt FILANTROPIA TRADICIONAL INVESTIMENTO TRADICIONAL INVESTIMENTO SOCIAL

• Utilização do impacto como critério

de investimento

• Expectativa de reembolso do

investimento e algum retorno a médio ou longo prazo

• Apoio à inovação social e

capacitação de organizações

• Foco no máximo retorno

financeiro dado o perfil de risco do investidor

• Donativos para apoiar

actividades com impacto social e/ou apoio aos segmentos mais

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CASE STUDIES THAT LINK THE THEME – YOUTH UNEMPLOYMENT – WITH THE

APPROACH – VENTURE PHILANTHROPY / SOCIAL INVESTMENT

PARTE II – TEMAS DO INVESTIMENTO SOCIAL [KEY TOPICS]

Título de Impacto

Social

[Social Impact Bond]

Thinkforward

Filantropia de Impacto

[Venture Philanthropy]

CRT Fondazione

Evidência e orientação

para resultados

[Evidence-based

intervention models]

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ThinkForward Coaches provide activities tailored to

support young people’s progress through five steps

IDENTIFY

participants

Young people most at risk are identified and enrolled by the Coach with the school

UNDERSTAND

participants’ needs

The Coach works with the young people on a holistic assessment of the challenges they face

Design an ACTION PLAN A tailored action plan is designed for each individual case DO AND REVIEW

The Coach works with the young people and external providers to deliver designed action plan

Sustain SUCCESS Young person achieves goal and is supported to sustain it Brokering access to the world of work

Industry Insight, training, Business mentoring, workplace experience Qualification advice and

guidance, SEN concessions

Tutoring, application workshops, open days, financial signposting

Application support, mock interviews, CV help, job searches Third Party

Interventions One-to-one or group support

Life Skills coaching , motivational group work, Classroom support around behaviour and attainment, engagement with parents around attendance

Progression planning FE preparation Career preparation Progression support

Sports programmes, arts, theatre, vocational courses e.g. cookery, offsite trips

Community crime reduction, local housing authorities, Citizen Advice Bureau, help with benefits

Personal Development Support Services 2 0

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The impact of the programme on young people is

consistently measured to ensure its effectiveness

‘Hard’ Outcomes

The ThinkForward contract with the

Department for Work and Pensions includes targets for hitting one of the following eight measurable outcomes:

School and employer partners provide

evidence of this impact so that we can make claims to the Department.

No. Outcome description

1 Improved behaviour at school

2 Improved attendance

3 Achievement of first L1 qualification

4 Achievement of first L2 qualification

5 Completion of first L3 qualification

6 Entry into Level 4 learning

7 Entry into first employment incl. training element

8 Entry into sustained employment

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‘Soft’ Outcomes

ThinkForward has created a tool to help measure the benefits it has on young people’s: • Self Belief • Positive Thinking • Aspiration • Determination • Flexibility

• Appetite for Learning • Understanding Emotions • Managing Emotions Mindset Emp lo y ment skills • Finding Solution • Teamwork • People Skills • Effective Communication • Building a Positive Network • Planning and Organising

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Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro Commissione 2

17 febbraio 2014

Effective networking and job creation: the “Iniziativa Lavoro” project

EVPA Thematic group on Employment in VP/SI Lisbon 20-21 April 2015

Marco Camoletto

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17 febbraio 2014 23

• About Fondazione CRT (in short..)

• A brief comment about our national institutional framework

• The target population of Iniziativa Lavoro

• How it should work…

• And how it has worked (so far..)

• Something about money

• Improving a VP/SI approach: some ideas

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35%

33%

32%

_{Art and Culture}

Research and

Education

Welfare and

Environment

Graph: distribution of Grants Awarded since 1991;

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17 febbraio 2014

A brief comment about our national institutional framework (up to now..)

Central

Government

Welfare

Regional

authorities

Training, job

placement, PPP

Semi - impact

investing

approach

EU funding

(SEF)

Pro-job

policies

Philanthropists

are

complementary

(..Taking into account legal & institutional framework of national labour market is very important for a successfull operation )

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The target population of Iniziativa Lavoro - 1

Let’s remind that FCRT has been for many years actively engaged in job-related educational programmes, under the umbrella brand “Talenti”:

• “Talenti” for bright degree students;

• “Talenti” for younger secondary school students;

• “Talenti” for young potential entrepreneurs and export specialists • “Talenti” for talented young musicians

The governing body of FCRT remarked back in 2014 that we were biased in

favour of brilliant, top-up people, with no opportunities offered to young,

average people or those hit by the recent economic and employment

downturn

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The target population of Iniziativa Lavoro – 2

Iniziativa Lavoro was then set up with the aim to facilitate

• Young job seekers (< 30 y old), not previously employed or anyway with average or

poor job skills

• People with no age limits, who had past job experiences that ended up with lay

offs and /or plant closures, particularly when they are not entitled to usual welfare

programmes (very small firms or specific sectors in services and manufacturing)

• People getting back to labour market after a long spell they were not actively

seeking jobs

• Firms with current vacancies which are difficult to fill because of mismatch (lack of appropriate skills in the labour market)

• Firms willing to offer training opportunities, sometimes in the light of their CSR

policies, with no strict hiring obligation but open to consider new hiring as soon as the economy will turn to growth again

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How it should works…-1

Networking is the first crucial word

The package is only available for established partnerships among: • A non for profit organization

• A training agency

• A specific and clearly identified group of firms (no matter size and legal status) • Public or private labour market operators or interim agencies

• A local branch of a firms association

The partnership must identify a number of job vacancies or job opportunities; then they

should select candidates for those placements (FCRT broadly set method and priority criteria, in order to secure equal opportunities, partially different from those granting access to schemes run by the public sector); co-financing is highly appreciated, as well as ex ante engagement to hiring after the end of the programme.

Coordination with Regional Authorities was granted and best practices were mutually exchanged.

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How it should works…-2

Effective Impact is the second crucial word

The package is only paid in full if the trainee is really employed six months after the end of the programme. Please note, however, that

• Self employment, as well as payroll jobs, are both equally admitted (big change for italian labour policy), but self employment opportunities must be clearly supported ex ante (a client portfolio should be identified for each self employed) • The proportion of performance linked payment has been reduced to 15 – 20%

(much higher originally)

• Tight ex ante rules have been set in order to avoid mishandling by training agencies

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And how it has worked (so far..) -1

Before selection, all in all:

• 66 partnerships send their proposal

• On average partnerships were set by 4 different partners • On average there were 5 firms for any partnership

• The total number of training places made available is 663

Those number are much better than initially expected: weak economic perspectives at the beginning of the iniziative, as well as the complexity in putting together entities which have no track record of previous cooperation strongly supported a very cautious attitude.

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After the selection process :

• 32 schemes were approved

• The total number of partners involved is 104, together with 32 no profit organizations

• The total number of firms offering traning is 207 • The total number of training places is 314

• The total number of firms in client portfolios for those potentially self employed is 77

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16% 13% 11% 10% 10% 7% 7% 6% 5% 5% 7% 3%

schemes by activity

retail agricolture services to firms craft works manufacturing personal services cleaning it technologies hotels and B&B plants&machineries food & restaurants building

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Something about money

• Original budget was around 800.000 euros

• The final budget was implemented up to 1.221.500 euros, given the successful result of the programme: most of the increase was drawn from the Local

Development Support Grants budget

• Payments will follow a milestone procedure

• Unit cost per job creation has shown a wide variation (from 2500 to 8000 euros): a new set of rule has been set in order first to reduce, and then control for this critical factor

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Improving a VP/SI approach: some ideas

• Iniziativa Lavoro has a built-in evaluation scheme focused on a counterfactual assessment, operated partially by an indipendent specialist team

• Full scale evaluation will take some time (2/3 years?)

• Iniziativa Lavoro has not been conceived as a VP initiative from the beginning • An evolution towards a VP, or even a proper SIB structure is under investigation:

public money (EU or national) is probably unavailable and hardly a support anyway; seeking private, socially minded investors could be a better idea.

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Fondazione Cassa di Risparmio di Torino Via XX Settembre, 31 – 10121 Torino www.fondazionecrt.it

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PARTE III – O CAMINHO PARA O INVESTIMENTO SOCIAL

[JOURNEY TOWARDS SOCIAL INVESTMENT]

TEMAS PARA DISCUSSÃO EM GRUPO [TOPICS FOR GROUP DISCUSSION]

15:10 – 15:40

Seleção de projetos e

due diligence

[pipeline building and

due diligence]

15:40 – 16:10

Acompanhamento e

monitorização de

resultados

Monitoring and

outcome evaluation

16:10 – 16:40

Análise das

necessidades /

realidade Portuguesa

[Gap and needs

analysis]

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