Financing the social economy

Social entrepreneurs face challenges when looking for funding. [Kanghophoto (shutterstock)]

Defined by its mission rather than by what it produces, the social economy is a peculiar economic sector with a set of its own challenges, especially when it comes to funding.

Published by the European Commission in December 2021, the action plan on the social economy aims at improving the access to finance for actors in the social economy. With actors as diverse as those in the social economy, this is bound to be challenging.

In a series of articles, EURACTIV will dive into the question of how the social economy is and could be financed in the EU, taking into account both the regulatory point of view and the position of those who disburse and receive the funding.

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  • State of play in social economy finance in the EU

    News | Economy 11-05-2022

    Trying to push the social economy as a flourishing sector of the economy, the EU is using a variety of ways to overcome the tension at the heart of the social economy: How do you attract money to a sector that defines itself as not being about the money?

  • Commissioner Schmit: You cannot make money on social services

    News | Economy 13-05-2022

    Social economy should not be thought of as an alternative to public services, according to the European Commissioner for jobs and social rights, who nevertheless argued there was a need for a "third way" between the private, profit-oriented economy and publicly provided services that can be served by social economy.

  • Social Taxonomy risks death by Commission neglect

    News | Economy 17-05-2022

    While the debate regarding the environmental taxonomy is raging between EU member state governments, the project of establishing a social taxonomy is put on the backburner by the EU Commission, according to multiple sources.

  • The bankers of the social economy

    News | Economy 23-05-2022

    From the EU Commission to the European Investment Fund, banks and venture capitalists, and then social enterprises, money changes hands many times before reaching its final destination.

  • Setting up the European social economy to thrive

    Opinion | Promoted content | Economy 12-05-2022

    From idealism to action. Now, for the first time, the social economy and social investment have a seat at the EU’s policy table.

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