FOCUS GROUP

EMPREGABILIDADE JOVEM E INVESTIMENTO SOCIAL

[YOUTH UNEMPLOYMENT AND SOCIAL INVESTMENT / VENTURE PHILANTHROPY]

21 ABRIL 2015

PARTE I – BOAS VINDAS [WELCOME]

Boas vindas dos parceiros para o Grupo de trabalho para o Investimento Social:[Welcome from the Portuguese Social InvestmentTaskforce]:

• Fundação Calouste Gulbenkian

• Social Finance UK

• Laboratório Investimento Social

Boas vindas da parte da [Welcome from]:

• EVPA – European Venture Philanthropy Foundation

19 March, 2015

European Venture

Philanthropy AssociationAn Introduction

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 /

The characteristics

About Venture Philanthropy │The characteristics

Over €5 billion invested since inception

Average financial support per VPO increasing by 28% to €8 million from FY 2012 to FY 2013.

VP Trends / Sector growth

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 organisation

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.

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

European Commission / SBI local activities

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

Social Business Initiative

Mapping ExerciseEuSEF Certification

Portugal

Social Innovation Fund

EVPA is kindly supported by:

EVPA is kindly supported by:

19 March, 2015

EVPA94, Rue RoyaleB-1040 Bruxelles

Tel: +32.2.5132131www.evpa.eu.cominfo@evpa.eu.com Twitter: @_EVPA_Linkedin: european-venture-philanthropy-association

Federica SacciaSouthern Europe Managerfsaccia@evpa.eu.com

Empregabilidade Jovem [Youth Employment] Focus group em Lisboa:

Explorar casos de estudo/boas práticas de projetos de promoção da empregabilidadejovem cujo financiamento e modelo de intervenção tenham uma abordagem defilantropia de impacto/investimento social.

[Explore case studies/best practices of projects that tackle youth unemployment that arefunded and whose intervention model has a venture philanthropy/social investmentapproach]

Partilha de experiências entre projetos Portugueses e projetos internacionais depromoção da empregabilidade jovem.

Shared learnings exchange between Portuguese projects and international projects that arepromoting youth employability.

PARTE I –OBJETIVOS DA SESSÃO

O GT Português para o Investimento Social tem o apoio da Comissão Europeia e junta actores-chave dossectores social, público e privado de forma a elaborar uma série de recomendações que apoiem odesenvolvimento 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

TRABALHOJU

L 2

014

–JU

N 2

015

• 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

JAN

-F

EV

20

15

4 FOCUS GROUPS TEMÁTICOS

AB

RIL

20

15

• Foco em temas específicos: empregabilidade jovem, capacitação para o impacto e investimento social, mecanismos financeiros e inovação social no sector público

PARTE I –GRUPO DE TRABALHO PARA O INVESTIMENTO SOCIAL

Parte I: introdução [Introduction]14:00 – 14:20 Boas vindas e apresentações [Welcome and presentations]

Parte II: contexto14:20 – 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]

PARTE I –AGENDA

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

PARTE II – INVESTIMENTO SOCIAL [SOCIAL INVESTMENT]

www.investimentosocial.pt

FILANTROPIA

TRADICIONAL

INVESTIMENTO

TRADICIONALINVESTIMENTO

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

desfavorecidos da população

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

Ashoka This Works

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

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

21

‘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

Min

dset

Em

plo

ym

en

t

sk

ills

• Finding Solution

• Teamwork

• People Skills

• Effective Communication

• Building a Positive Network

• Planning and Organising

22

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

Analisys and Development Chief Officer

23

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

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

Short Index

25

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014 25

The areas of intervention

26

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014 26

35%

33%

32% Art and Culture

Research andEducation

Welfare andEnvironment

Graph: distribution of Grants Awarded since 1991;

Total grants 2014: 53 millions Euro Total Asset 2014: 2.1 billion

27

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014 27

Iniziativa Lavoro

28

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014

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

Central

GovernmentWelfare

Regional

authoritiesTraining, job

placement, PPP

Semi - impact investingapproach

EU funding(SEF)

Pro-job

policies

Philanthropistsare

complementary

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

29

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014 29

The target population of Iniziativa Lavoro - 1

Let’s remind that FCRT has been for many years actively engaged in job-relatededucational 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 employmentdownturn

30

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014 30

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 layoffs 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 activelyseeking 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

31

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014 31

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

Coordination with Regional Authorities was granted and best practices were mutuallyexchanged.

32

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014 32

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 ofthe programme. Please note, however, that

• Self employment, as well as payroll jobs, are both equally admitted (big changefor italian labour policy), but self employment opportunities must be clearlysupported 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

33

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014 33

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 perspectivesat the beginning of the iniziative, as well as the complexity in putting togetherentities which have no track record of previous cooperation strongly supported a very cautious attitude.

34

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014 34

And how it has worked (so far..) -2

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 employedis 77

35

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014 35

And how it has worked (so far..) -3

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

36

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014 36

Something about money

• Original budget was around 800.000 euros

• The final budget was implemented up to 1.221.500 euros, given the successfulresult of the programme: most of the increase was drawn from the LocalDevelopment 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 thiscritical factor

37

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014 37

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 supportanyway; seeking private, socially minded investors could be a better idea.

38

Aggiornamento sulle iniziative della Fondazione CRT per il mondo del lavoro

Commissione 2

17 febbraio 2014

Fondazione Cassa di Risparmio di Torino

Via XX Settembre, 31 – 10121 Torino

www.fondazionecrt.it

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]

O que está a acontecer em Portugal? [What is happening in Portugal?]

Relatório do GT para o Investimento Social [Social Investment Taskforce Report]Portugal Inovação Social [Social investment catalyst]Primeiro Título de Impacto Social em Portugal [First SIB in Portugal]

Oportunidades de colaboração internacional [International opportunities forcollaboration]

EVPA – European Venture Philanthropy AssociationAshoka This Works

PARTE IV – PRÓXIMOS PASSOS E OPORTUNIDADES [NEXT STEPS]

OBRIGADO

EMPREGABILIDADE JOVEM E INVESTIMENTO SOCIAL

[YOUTH UNEMPLOYMENT AND SOCIAL INVESTMENT / VENTURE PHILANTHROPY]

21 ABRIL 2015