Signosis is delighted to announce that it recently signed the grant agreement for a new EU funded project entitled “Social Protection Innovative Investment in Long Term Care (SPRINT)”.  The three years project, which begins next month aims to give meaning to the concept of social investment as applied to long-term care (LTC) provision.  The total budget allocated to the SPRINT project is 1,910,537 € and is funded by the European Commission in the context of the HORIZON 2020 Programme.

The project is expected to be a valuable tool for policy makers in making the case for socially and economically sustainable investments in long-term care. More specifically, SPRINT will:

-      investigate how the different resourcing and delivery forms of LTC create social and economic returns, outcomes and social impact and determine factors that contribute to this;

-      review the regulatory and institutional incentives or gaps at national and EU level that promote or hinder the provision of an acceptable level of care provision for frail individuals;

-      study in depth the role of all actors in the field of LTC and assess their contribution to the achievement of broader goals, such as active ageing, economic growth and improvement of the status of women both as participants in the labour force and as the principal providers of informal care;

-      evaluate the fiscal and social costs and benefits of various national approaches to LTC delivery;

-      create a model of investment in the care sector, emphasising social innovations that will be correlated with the broad economic policies; and

-      formalise and propose at policy level reforms that could help overcome fiscal, regulatory and recognition barriers for the development and scaling up of social innovation in, and for, the provision of long-term care services in Europe.

The consortium for the implementation of the SPRINT project is led by the London School of Economics and Political Science and apart from Signosis includes the following partners: Roskilde University (Denmark), University of Management and Economics (Lithuania), Institute of Labour and Social Studies (Poland), Social Value Network (UK), University of Porto (Portugal), Hochschule Fulda University of Applied Sciences (Germany), University of Piraeus (Greece), National Cooperative Group CGM (Italy), University of Szeged (Hungary) and National Institute for Health and Welfare (Finland).