| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/11/1512 (07.12.11) |
| Publication Date | 07/12/2011 |
| Content Type | News |
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Social businesses are companies that have a positive social impact and address social objectives as their corporate aim rather than only maximising profit. It is a growing sector in Europe, already representing 10% of all European businesses and employing over 11 million paid employees. While these businesses often receive public support, private investment via funds that invest in social entrepreneurs remains vital to their growth. However, such specialised social investment funds are rare or are not large enough. Cross-border investment in such funds is unnecessarily complicated and expensive. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/1512&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Countries / Regions | Europe |
