#52026DC0138Mid-term Review of the Action Plan for the Social Economy: Main Achievements and Way Forward
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The report outlines the significant contributions of the social economy to the EU, highlighting its role in providing jobs, fostering social inclusion, and supporting community resilience. It emphasizes the achievements since the adoption of the action plan in 2021, including the establishment of supportive frameworks, access to finance, and enhanced visibility of social economy organizations. Future actions are proposed to strengthen this sector and address current challenges.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Adoption of the 2023 Council recommendation on developing social economy framework conditions.
- Mobilization of EUR 1.2 billion in guarantees for microfinance and social impact investing.
- Increased visibility of the social economy through the EU Social Economy Gateway.
Obligations
What this law requires
Member States must adopt or prepare national or regional strategies for the social economy to integrate the social economy into their policies and create supportive measures
Member States must adopt or reform social economy laws to establish legal frameworks supporting social economy organizations
Member States must implement the 2023 Council recommendation on developing social economy framework conditions to create a common framework for supporting social economy organizations
Member States must establish supportive measures and enabling frameworks that account for unique governance models, profit allocation rules, and impact-oriented nature of social economy organizations
The Commission must conduct mid-term review of the action plan for the social economy implementation and identify remaining challenges