NovESS – Le Fonds ESS will provide up to 90% in own funds and quasi-own funds covering the full scope of the SSE law dated 31 July 2014 (associations, cooperatives, mutual organisations, foundations, and commercial companies with sectoral cover that is predominantly social, medico-social, and energy transition). As a priority, it will target social associations and businesses that are bearers of large-scale projects (investments ranging from €1mn to €5mn). It will also work to bring about the emergence of innovative projects with strong added value that can act as future “nuggets”, as well as projects in the acceleration phase (investments ranging from €100,000 to €500,000).
NovESS – Le Fonds ESS will also be the bearer for the setting up of MESIS, a tool for measuring and monitoring social impact. MESIS aims at being recognised as a market standard for the social-impact investment sector in France.