The idea of social entrepreneurship, or philanthropic business plugging gaps in state welfare provision, has been around for many decades. But in an era of austerity, in which public social and environmental programmes are often the first to be axed, it's getting new impetus. Moves are afoot to create a certification system for European social entrepreneurship funds. The hope is to generate more funding for social companies from private enterprises attracted by a certified European label. The first idea is to create an economic lever. However, its first result will actually be to change people's view of finance. We had an image of profit as the alpha and omega of investors. We are going to show with this regulation that investors are also concerned by solidarity-based financing. Social enterprises operate across the spectrum of development: poverty reduction, health, the environment, gender, education and disability. They're around a tenth of the total number of SMEs in Europe, employing 11 million people. Not difficult to see the opportunities for job creation. They were always strong when the mainstream economy was not delivering. That's what's happening now. People are unemployed so they'll start self organising. There are some countries with lots of housing problems still. So housing cooperatives play a very important role. And in other areas we see for instance a growing need for energy cooperatives. Yet to be defined: what type of business exactly qualifies as a social enterprise, and what level of funding is out there to be accessed? The issue is in under negotiation with Member States before coming to Parliament for the vote. EuroparlTV video ID: 11dc5967-78f8-4c13-81f4-a07c0114a777
Entrepreneurship with a social touch human resources jobs
The idea of social entrepreneurship, or philanthropic business plugging gaps in state welfare provision, has been around for many decades. But in an era of austerity, in which public social and environmental programmes are often the first to be axed, it's getting new impetus. Moves are afoot to create a certification system for European social entrepreneurship funds. The hope is to generate more funding for social companies from private enterprises attracted by a certified European label. The first idea is to create an economic lever. However, its first result will actually be to change people's view of finance. We had an image of profit as the alpha and omega of investors. We are going to show with this regulation that investors are also concerned by solidarity-based financing. Social enterprises operate across the spectrum of development: poverty reduction, health, the environment, gender, education and disability. They're around a tenth of the total number of SMEs in Europe, employing 11 million people. Not difficult to see the opportunities for job creation. They were always strong when the mainstream economy was not delivering. That's what's happening now. People are unemployed so they'll start self organising. There are some countries with lots of housing problems still. So housing cooperatives play a very important role. And in other areas we see for instance a growing need for energy cooperatives. Yet to be defined: what type of business exactly qualifies as a social enterprise, and what level of funding is out there to be accessed? The issue is in under negotiation with Member States before coming to Parliament for the vote. EuroparlTV video ID: 11dc5967-78f8-4c13-81f4-a07c0114a777
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