Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-03-12-Speech-2-411-000"
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"en.20130312.43.2-411-000"2
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"Madam President, the social economy accounts for approximately 10% of all European undertakings and a whopping 11 million jobs. The principal aim of social undertakings is to make a positive social impact – usually at a very local level – rather than simply to make profits for shareholders or other stakeholders. At present those undertakings are mainly financed through public grants or donations; we know, though, that public finances are under enormous strain.
The EU has to help social undertakings find alternative sources of funding so that the sector can grow. I very much welcome the agreement reached with the Council under the Irish Presidency to set up a European investment instrument to support this sector and to show that finance can and must play a role in supporting the social economy. This new regulation will foster the development of social investment, diversify funding for the social economy and help to support sustainable inclusive growth and jobs."@en1
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