Social enterprises play an important part in the European economy. The equivalent to about 6.3% of the working population of EU and 2.8 million entities are involved in the social economy according to a report from 2016. The European Union has acknowledged the importance of social enterprises since the Social Business Initiative was launched in 2011.
Work is underway to produce a European Action Plan for Social Economy. Already in 2018 Social Economy Europe produced a set of recommendations for an European Action Plan. The task of producing the final Action Plan has been given to Nicolas Schmit, the new Commissioner for Jobs and Social Rights. This shows that social economy and social enterprises are increasingly high on the EU policy agenda.
Our Interreg Europe project partners and practitioners from social enterprises support organizations shared their experiences in providing effective business support to social enterprises. Discover the importance of the social economy in the webinar replay below and presentations.
Webinar agenda overview
00:17:10 Presentation by Gael Drummond on Scotland's agency for social enterprises and entrepeneurs
00:29:30 Q&A: How do you convince or encourage people to turn their idea into a social enterprise?
00:31:10 Q&A: You emphasise community a lot. Do you have recommendations on how to develop the community spirit?
00:33:10 Q&A: How relevant are physical hubs or incubator spaces for facilitating social enterprises development?
00:36:50 Presentation by Mauricio O'Brien on a network for active participation for the social economy
00:46:35 Q&A: What are the main reasons for social enterprises ideas to fail?
00:48:50 Q&A: How do you ensure the sustainability of this type of enterprises?
00:51:25 Presentation by Alexander Kesselring on the financing of social enterprises
01:03:05 Q&A: What would be your advice to regional policy makers who are thinking about setting up a financial support instrument for social enterprises?
01:04:43 Q&A: Could you explain more about social impact bond, who takes the risk? Is it the social enterprise?
01:07:30 Presentation by Paula Santarén Rodríguez on the internationalisation service of social enterprises
01:18:20 Presentation by Paula Santarén Rodríguez on a transferred Good Practice of the RaiSe project
01:27:18 Q&A: How did you convince local authorities to participate directly in your project?
01:30:20 Q&A: Where do you think support is needed most today in social enterprises?
01:34:40 Q&A: How do you raise awareness about the social enterprises business models?
The webinar was hosted and introduced by Thematic Experts of SME competitiveness Mart Veliste and Rene Tõnnisson. This was followed by presentations from Interreg Europe projects and stakeholders. Access the presentations below:
- Gael Drummond from Firstport presented Scotland’s agency for start-up social entrepreneurs and enterprises
- Mauricio O´Brien from COOPERACTIVAS presented - A community based support approach for the enhancement of social economy
- Alexander Kesselring from ASHOKA presented how social enterprises can be financed effectively
- Paula Santarén Rodríguez from ACCIÓ presented the internationalisation of social enterprises and
- a change in the local development strategy – how the RaiSE project had an impact in the Örebro region – presented by Paula Santarén Rodríguez on behalf of Anders Bro from Region Örebro County
Inspiring examples came from different regional and local ecosystems with various degrees of social entrepreneurship culture and available funding, there is something to be inspired by for all listeners. From the presentations and discussions, we could identify some key elements:
- Simple application processes are important for early stage support measures if you want to encourage people to turn their innovative social objectives into viable social enterprises. Seed funding is equally relevant for kick staring innovative ideas. Small amount of money can really help somebody to take their idea off the ground and give them a much stronger start.
- Tailoring your support services to the needs of the local communities is a key to success. Bespoke approaches show best results in rural or disconnected communities.
- The ideas are out there as people care about their local communities. People just need encouragement and little push to get started as a social enterprise. Social enterprises should not think of themselves as less than a regular SME.
- Social enterprises need access to a wide set of financial instruments, both public and private. In order to support the social economy, it is important that public bodies introduce new procurement procedures that address social businesses and social impact.
- Internationalisation of social enterprises is doable if a regional development organization has international offices. By providing consultancy knowledge of suitable commercialisation channels, potential distributers, etc, a social enterprise can be internationalized just as any other enterprise.
- Social enterprises rely on access to social systems and markets. Public bodies and public authorities should try to make social institutions more open and responsive to innovation. This is important for setting up long-term partnerships between the sectors.
- Social enterprises are no longer outliers in the entrepreneurial landscape. Gone are the days where they should be seen as something separate. Social and environmental ideas are more and more embedded into all businesses. Therefore, we can expect the future to be about social enterprises.
- The Future of EU policies for the Social Economy
- A map of social enterprises and their eco-systems in Europe
- A new call for proposals has been launched under the Employment and Social Innovation Programme (EaSI), with the aim of contributing to the development of finance markets for social enterprises across Europe. Deadline 31. March. See the details here.
- Stimulating social enterprise in Argyll and Bute from Firstport
- 'What if...' project from Firstport
Image credit: Photo by Pixabay from Pexels
INTER VENTURES has been featured in Panorama. Panorama is the official magazine of the European Commission’s DG Regio.
Private investment fund for local economy growth in Slovenia
Do you want to hear the story of Slovenian d.labs?
Of course, now, I am going to continue sharing...
The Local Authority Climate Action Training Programme set to launch this year to build capacity within the sector to reinforce effective climate action.
The first CityZen Impact Workshop 'Urban farming policy implications in the current economic system, business models and supply chains' will be held online on J...
E-COOL consortium is organizing a webinar to provide you with tips and insights of Entrecomp case studies.
19th of January @10.00 CET time
Meeting between researchers and local authorities in France (Burgundy-Franche-Comté)