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Boosting Investment in Social Infrastructure in Europe

Lieve Fransen, Gino del Bufalo and Edoardo Reviglio

No 74, European Economy - Discussion Papers 2015 - from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: The High-Level Task Force (HLTF) on Investing in Social Infrastructure in Europe was initiated by the European Long-Term Investors Association (ELTI). It was chaired by Romano Prodi and Christian Sautter and comprised representatives from the European Commission, the European Investment Bank, the Council of Europe Development Bank, many National Promotional Banks as well as associations and experts from the social sector. The HLTF's mission was to raise political attention to the crucial role of social infrastructure and related services, aiming to enhance public and private investments in this sector. Long-term, flexible and efficient investment in education, health and affordable housing is considered essential for the economic growth of the European Union (EU), the well-being of its people and a successful move towards upward convergence in the EU. This final report contains a comprehensive collection of facts and figures on social infrastructure and social services and the related financing needs. Based on the conclusions and results, the report formulates concrete recommendations aimed at enhancing current financing tools as well as for future schemes and initiatives in the social sector.

JEL-codes: I00 (search for similar items in EconPapers)
Date: 2018-01
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