EUROPEAN UNION: European Commission Publish FAQs in relation to European Social Entrepreneurship Funds

Wednesday December 7 2011

Fund Axis would like to draw your attention to a recent EU Commission publication answering some frequently asked questions regarding European Social Entrepreneurship Funds.

The questions that are tackled in this document are;

• What are Social Businesses?
• What issues are Social Businesses Facing?
• What are the main elements of today’s proposal?
• What would the Benefits of this approach be?
• How will Social Businesses be able to gain investments from the new funds?
• What does a European Social Entrepreneurship Fund Manager have to do in order to use the new label and passport?
• Why has the commission chosen 70% of capital contributions as the threshold for the eligible fund’s portfolio?
• Can the passport be withdrawn?
• What happens if a manager manages both European Social Entrepreneurship Funds and other types of investment funds at the same time?
• Can everybody commit to a European Social Enterprise Fund?
• When will the new rules enter into force?

Anyone wishing to seek detailed information and clarity in relation to the above topics should refer to the publication, link below for same.

EU Commission Re FAQ on European Social Entrepreneurship Funds

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