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EU support for social entrepreneurs [Policy Podcast]

Written by Agnieszka Widuto,

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© Julien Eichinger/ Fotolia

Social enterprises combine social goals with entrepreneurial activity. They represent a business model focused on having a positive social or environmental impact rather than simply making profit for shareholders. Social enterprises make a valuable contribution to the economy and society, operating mainly in local communities and covering areas such as education, healthcare, social services, work integration and environmental protection. They are also an increasingly popular choice for outsourcing certain public services of general economic interest.

Social enterprises encounter challenges in their operations, mostly related to regulatory obstacles and difficulties in accessing funding. At EU level the momentum gained by the Social Business Initiative of 2011 is currently being supplemented by regulatory changes such as the review of the regulation on the European Social Entrepreneurship Funds, improving access to public procurement and developing methodologies for measuring social impact. The EU is also making efforts to improve funding opportunities, for instance via the Social Impact Accelerator and the ‘microfinance and social entrepreneurship’ axis of the Employment and Social Innovation programme. Additional funding is made available under the European Structural and Investment Funds, as well as programmes tailored to small and medium-sized enterprises. Expansion of the social economy, however, requires further development of a supportive regulatory environment, a tailored financial ecosystem, and also increased visibility and recognition.


Read this complete briefing on ‘EU support for social entrepreneurs‘ in PDF.


Listen to podcast ‘EU support for social entrepreneurs

 

Revenue streams for social enterprises in Europe

Revenue streams for social enterprises in Europe

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  1. Pingback: EU support for social entrepreneurs [Policy Podcast] | Vatcompany.net - March 30, 2017

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The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. Copyright © European Union, 2014. All rights reserved

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