Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-255-625"

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"en.20120913.29.4-255-625"2
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"The competitiveness of enterprises is part of economic recovery in Europe. However, in this time of crisis, enterprises have limited access to funding. In Europe, there is a social investment market which today represents EUR 1 billion. This market is a lever for growth which should be fully exploited. Social undertakings, that is, enterprises whose principal objective is to achieve a positive social impact, employ 11 million workers. Following a proposal by the Commission, Parliament has therefore logically decided to support the creation of a European label for social investment which will benefit investment funds which invest at least 70% of their capital in social undertakings. By proposing this investment instrument, Parliament is hoping to contribute to stimulating the market and further encouraging investment in social entrepreneurship."@en1

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