European Social Entrepreneurship Fund as the Instrument of Financing the Social Entrepreneurship

Autor: Wojciech Krawiec
Rok vydání: 2017
Předmět:
Zdroj: Annales Universitatis Mariae Curie-Skłodowska, sectio H, Oeconomia. 50:269
ISSN: 0459-9586
DOI: 10.17951/h.2016.50.4.269
Popis: The purpose of the hereby article is to discuss the essence of European Social Entrepreneurship Funds as a new instrument of financing the social entrepreneurship. This instrument was brought into effect in 2013 as a reply to problems with financing the social entrepreneurship. According to the regulation on European Social Entrepreneurship Funds, ‘qualifying social entrepreneurship fund’ means a collective investment undertaking that meets the definition of an AIF; intends to invest 70% of its aggregate capital contributions and uncalled committed capital in assets that are qualifying investments; does not use more than 30% of its aggregate capital contributions and uncalled committed capital to acquire non-qualifying investments and is established within the territory of a Member State. Due to the EuSEF investment strategy, the definitions of ‘qualifying portfolio undertaking’ and ‘qualifying investments’ will be presented. Moreover, the supplementing of this article will be the short characteristics of 4 EuSEFs functioning in the EU.
Databáze: OpenAIRE