Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-256-750"
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"en.20120913.29.4-256-750"2
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"This proposal for a regulation establishes the legal framework under which different types of investment fund can be granted the status of ‘European Social Entrepreneurship Fund’ and the respective ‘passport’. The aim is to create a European sector for investment in legal persons carrying out not-for-profit activities aimed at fulfilling various objectives of a social nature. I agree that funding for social businesses must be increased, using all the available resources, including private ones. However, the current tendency is that public investment in these areas is increasingly replaced by private funds that are less stable and for profit, to the detriment of social impacts. As such, I have some reservations that this regulation may be a step towards privatisation or external contracting in areas that are the responsibility of the State. For these reasons, I abstained."@en1
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