Published on09/12/2021by: redazione

The Social Economy Action Plan is out

On 9th December 2021 the European Commission has presented an Action Plan to help the European social economy thrive, tapping into its economic and job-creation potential, as well as its contribution to a fair and inclusive recovery, and the green and digital transitions. Social economy organisations are entities which put social and environmental purposes first, reinvesting most of their profit back into the organisation. There are 2.8 million social
economy entities in Europe that employ 13.6 million people and which offer solutions to key challenges in our societies. They span a diverse range of sectors and forms, from care services to recycling; from cooperatives to social enterprises. Enhanced support to the social economy not only creates jobs, but also allows organisations to increase their social impact across the EU. Today’s Social Economy Action Plan smooths the way for social economy organisations to prosper and grow. The Commission proposes to act in three areas:

1. Creating the right conditions for the social economy to thrive;

2. Opening opportunities for social economy organisations to start up and scale up;

3. Making sure the social economy and its potential are recognised.

More info

The social economy includes a variety of businesses, organisations and legal entities, such as social enterprises, cooperatives, mutual benefit societies (a specific type of collective insurance), non-profit associations and foundations. They put people and the environment at the centre of their mission and reinvest most of their profit back into the organisation or a specific social cause. They are governed in a participatory, bottom-up way.

Building on the Commission’s 2011 Social Business Initiative, the Action Plan is the result of an extensive consultation process with citizens and stakeholders. More information can be found in the Staff Working Document accompanying the Social Economy Action Plan and in the Staff Working Document on the transition pathway on social economy.

Look on Twitter a video explainer on social economy (you can re-tweet or re-share)