The European Commission has proposed a ‘Social Investment Package for Growth and Cohesion’ to help member states to use their social budgets more efficiently and effectively by promoting best practices and providing guidance on social investment.
In the context of the ongoing financial crisis, the initiative is proposed with the aim to encourage member states to put a greater focus on policies which yield high returns throughout people’s lifetimes such as childcare, education, training, active labour market policies, housing support, rehabilitation and health services.
In order to ensure the implementation of the package, the Commission would review member states’ performance.
The initiative has not been adopted yet; it awaits debate, modification and approval from the European Parliament and the European Council.