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Horizon 2020 should target banking and social change

Studies into the potential of the financial sector to support social innovation should be undertaken as part of Horizon 2020, according to a policy review published by the European Commission.

The report, commissioned by the social science and humanities unit in DG Research, looks at how social innovation—developments that improve the outlook for society—can be supported by the EU. Overall, the recommendations focus on how to increase the involvement of the SSH discipline within the EU’s research agenda.

Under Horizon 2020, research should be undertaken to assess the potential of the banking sector to support social innovation mechanisms such as crowd-funding and cooperative banking, says the report. Research is also needed into corporate social responsibility and the role of private companies in stimulating change, it says.

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