Socioeconomics, Europe delves into the subject

Ten years after the Social Business Initiative, the European Commission has resumed support for pilgrims and announced a new action plan in December to support socio-economics. That is, associations, foundations, mutual organizations, co-operatives, and even social enterprises. According to Brussels, it is a future sector that will account for up to 10% of GDP in certain countries such as Italy, Spain and France, and may contribute to the economic recovery of the Old World, which is more equitable, inclusive and wants to meet. I have. Essentials for digital and ecological migration. This measure is not only for Nicolas Schmit, Luxembourg’s Commissioner for Employment and Social Rights, but also for Olivia, Secretary of State for Social, Solidarity and Responsible Economics, who intends to raise this issue during the French presidency. It is also carried out by France through the voice of Gregoire. EU.

In total, 13.6 million people work for 2.8 million so-called socio-economic agents. This is the case with Makesense Seed, a women-led, fully-led fund aimed at helping social enterprises in the pre-seed stage with an investment of up to € 500,000. Another example is Austrian Sign Language. It is leading the SiMax project aimed at developing technology that can provide sign language translations in real time.

Some progress

In 2011, the Social Business Initiative set out to promote socio-economic financing with 11 million employees and improve its visibility and legal environment. Or “The first initiative was the starting point for many actions by both the European Union and its member states (Spain’s Action Plan, French law on the social solidarity economy, etc.).“Estimates from the European Socio-Economic Observatory (ESS). Despite progress, Brussels believes the sector has yet to reach its full potential.

“13.6 million people work for 2.8 million so-called socio-economic agents.”

But socio-economics can bring much to the continent, especially by contributing to the fight against unemployment. 0.6% to 9.9% of paid employment in Europe falls into this segment. he “Therefore, it has great untapped potential for job creation in many countries.“The Commission explains. Socio-economics also contribute to the development of sustainable practices and, in some cases, fight the digital divide.

New measures

To move things forward, the Commission will propose in 2023.Definition of socio-economic framework conditions“The framework for taxation, public procurement and state aid will be discussed. EU socio-economic assistance from 2021 to 2027 will increase to more than the € 2.5 billion allocated between 2014 and 2020. This year, Europe will establish a competence center for social innovation before the launch of the new European portal in 2023. This portal will serve as a single entry point for players who want to know. Finally, to promote this sector, the Commission will conduct communication activities, initiate investigations to better understand it, train civil servants, etc. Contribute to the ongoing resilience of Europe. What is it?

Olivia Vinho