Transcript Socially responsible public procurement & public

Financial instruments for social economy
workshop
Recommendation 1
Co-operation between the financial sector, the NGOs and
public sector in providing funding for social enterprises is
necessary. From this perspective, it is needed that local
financial intermediaries understand the role and needs of
social enterprises and recognize their financing as a business
opportunity. Policy makers and MAs should understand the
constraints of financial intermediaries so to strengthen their
capacity to work with SE. Lack of capital or increased risk of
lending is then possible to be covered by involving public
resources – primarly as guarantee - with fair risk distribution.
Recommendation 2
It is necessary to set up integrated support
schemes combining grant mechanisms with financial
engineering. The aim is to make funds available for
the different stages of development of social
enterprise. Besides the initial capital investment it is
also necessary to consider the availability of working
capital to ensure the sustainability of social business.
Recommendation 3
It is efficient to couple the investment into social
enterprises with investment into human capital. ESF
should be significantly focused on strengthening the
capacity of entrepreneurs and their employees, using
already existing or developing new Business support
services for coaching, mentoring of social enterprises.
Ensuring access to capital without the corresponding
business services (advising, coaching, mentoring) does
only partly help the development of social enterprises.
Recommendation 4
It would be appropriate to continue to strengthen the ability
and capacity of Managing Authorities and other policy
makers to create integrated financial mechanisms cofunded by the ESF or ERDF. It would be fruitful to continue
to promote exchange of experience among Managing
Authorities regarding the provision of support for innovative
solutions in ensuring resources for social enterprises.
Thank you
for your attention