Consultation on promoting Social Investment Funds as part of the Social Business Initiative
The Commission has launched a consultation on possible European measures to support social businesses through private investment funds. Social businesses combine a social, ethical or environmental mission with the entrepreneurial flair and innovation of a business perspective. They can face some specific challenges in getting investments. To address these challenges, the Commission outlined in the Single Market Act that it would explore how private investment funds can help, so that investors and social businesses better reap the benefits of the single market. The consultation document outlines different options, including better transparency, and seeks the views of all stakeholders on whether existing European investment fund rules work well for social businesses and those wanting to invest in them. The results will be used to identify European measures, so that proposals can be made by the Commission by the end of 2011. The consultation closes on 14 September.