Boosting Social Enterprise Development
Good Practice Compendium
Social enterprises are long-standing agents of inclusive growth and democratisation of the economic and social spheres, and they have proved resilient to economic adversity all the while addressing socio-economic challenges in innovative ways, re-integrating people back to the labour market, and contributing to overall social cohesion. This compendium derives policy lessons for boosting social enterprises from the analysis of 20 initiatives in several EU member-countries, covering a range of policy areas from legal frameworks, finance, market access, and support structures, to education and skills.
PHINEO: A financial intermediary, Germany
PHINEO is an intermediary providing market intelligence relevant to non-profit organisations and social enterprises seeking financing, as well as to social investors seeking a project. It also raises awareness of impact measurement as a useful function in substantiating and improving non-profit activity. This chapter describes the objectives and rationale of this intermediary, along with its key activities. It presents the impact it has achieved and the challenges it has faced. It concludes with the lessons learnt and conditions for potential replicability in other contexts.