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Characterisation of Impact Funds and Their Potential in the Context of the 2030 Agenda

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  • Juan C. Santamarta

    (Departamento de Ingeniería Agraria, Náutica, Civil y Marítima, Universidad de La Laguna (ULL), 38200 Tenerife, Spain)

  • Mª Dolores Storch de Gracia

    (Grupo de Investigación Organizaciones Sostenibles (GIOS), Universidad Politécnica de Madrid, 28006 Madrid, Spain
    Department of Organizational Engineering, Business Administration and Statistics, Escuela Técnica Superior de Ingenieros Industriales, Universidad Politécnica de Madrid, 28006 Madrid, Spain)

  • Mª Ángeles Huerta Carrascosa

    (Grupo de Investigación Organizaciones Sostenibles (GIOS), Universidad Politécnica de Madrid, 28006 Madrid, Spain
    Department of Organizational Engineering, Business Administration and Statistics, Escuela Técnica Superior de Ingenieros Industriales, Universidad Politécnica de Madrid, 28006 Madrid, Spain)

  • Margarita Martínez-Núñez

    (Department of Organizational Engineering, Business Administration and Statistics, Escuela Técnica Superior de Ingenieros Industriales, Universidad Politécnica de Madrid, 28006 Madrid, Spain)

  • Celia de las Heras García

    (Department of Organizational Engineering, Business Administration and Statistics, Escuela Técnica Superior de Ingenieros Industriales, Universidad Politécnica de Madrid, 28006 Madrid, Spain)

  • Noelia Cruz-Pérez

    (Departamento de Ingeniería Agraria, Náutica, Civil y Marítima, Universidad de La Laguna (ULL), 38200 Tenerife, Spain)

Abstract

The European Union has incorporated impact investment through two action plans: the Social Entrepreneurship Initiative and the Investment Plan for Europe. These financing tools seek to fund economic growth and promote job creation. Among the different measures carried out, the regulatory framework for impact investment funds stands out, under which the denomination, European Social Entrepreneurship Fund, is established to designate investment funds focused on social enterprises with the objective of generating a positive impact. It is possible to affirm that the creation of a solid impact intermediation infrastructure, by connecting both sides of supply and demand, is a critical aspect for the development and effective functioning of the impact market. Special importance is given to impact funds capable of attracting private capital. In order to categorise the different impact funds according to the most relevant aspects, a proposal form for the characterisation of impact funds has been drawn up and has been applied to a particular case. The presentation of Creas will allow for contextualising the practices that impact funds carry out and facilitate the general understanding of the article through a specific example that is considered successful in Spain.

Suggested Citation

  • Juan C. Santamarta & Mª Dolores Storch de Gracia & Mª Ángeles Huerta Carrascosa & Margarita Martínez-Núñez & Celia de las Heras García & Noelia Cruz-Pérez, 2021. "Characterisation of Impact Funds and Their Potential in the Context of the 2030 Agenda," Sustainability, MDPI, vol. 13(11), pages 1-16, June.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:11:p:6476-:d:570214
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    References listed on IDEAS

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    Cited by:

    1. Freek Van Doninck & Johanna Vanderstraeten & Ine Paeleman & Luc Van Liedekerke, 2021. "Teaching Case: Social Entrepreneurs and Impact Investors: A Match Made in Heaven?—Case Study of Le Champignon de Bruxelles," Sustainability, MDPI, vol. 13(20), pages 1-14, October.
    2. Gimede Gigante & Emiliano Sironi & Caterina Tridenti, 2023. "At the Frontier of Sustainable Finance: Impact Investing and the Financial Tradeoff; Evidence from Private Portfolio Companies in the United Kingdom," Sustainability, MDPI, vol. 15(5), pages 1-21, February.

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