Frequently Asked Questions about the social business initiative
Author: European Union
Why is the European Commission proposing this initiative?
The growth potential of the social business model in the Single Market is not being
exploited fully. Social businesses find it difficult to gain access to funding. There is a
low degree of recognition for their work and the regulatory environment does not
take into account their specific characteristics.
Social businesses’ mission is to generate significant social, environmental and or
community impacts and thus can contribute to realise the European Union’s
objectives under its 2020 strategy