The Australian Senate Committee Reports Back On Social Finance

The Senate Economics Committee tabled a report on 25 November 2011, Investing for good: the development of a capital market for the not-for-profit sector in Australia, which explores finance options for the not-for-profit sector. During its inquiry, the committee heard that mainstream finance institutions are cautious of lending to not-for-profit organisations and do not always understand the needs and realities of how these organisations operate. As a result, many not-for-profit organisations have limited access to suitable debt and equity finance options and are heavily reliant on untied grants and traditional philanthropy. In addition, many of these organisations lack a steady revenue … Continue reading

Following a Popular Mobilisation, the President of the Council of Ministers of Peru Withdraws the Two Bills that Would Have Contradicted the Law Recognising the “Cooperative Act”

The President of the Council of Ministers accepted to withdraw bill 042/2011-PE and 044/2011-PE that went against the law29683recognizing the Cooperative Act. The cooperatives that were to be most affected by the new bills were the coffee and the cacao producers, who called for a national mobilisation in defence of cooperatives. November 19th 2011 over one million cooperatives members walked pacifically in the capital to protest the proposed bills and a delegation met with the President of the Congress and then the Chief of Cabinet of its assessors who agreed to withdraw the bills in question. It was a historic … Continue reading

A Commission to Apply the Law Channelling 6% of Public Contracts to Work-Integration Social Enterprises in Navarre, Spain

The government of Navarre in Spain approved the creation of a commission that aims to apply the legal mandate earmarking 6% of public contracts to special employment centers and work-integration social enterprises. In Navarre there are 17 special employment centers (CEE) that employ 1 258 handicapped people and 13 work-integration centers (CIS) that employ 195 people. The government has asked the commission to coordinate the purchasing of all departments and public enterprises that form the regional public administration, allowing the regional executive office to apply the law that establishes, as of 2010, that the government must reserve 6% of its purchasing … Continue reading

The 2011 ILO Social and Solidarity Economy Reader Now Available

In July 2010, a group of international experts – amongst whom Nancy Neamtam, president and CEO of the Chantier de l’économie sociale – were mandated to prepare a training manual on the social and solidarity economy for a four-day course of the International Training Center of the International Labour Organisation (ILO) in Turin, Italy. A second Academy took place in Montreal, Canada in October 2011, following the International Forum on the Social and Solidarity Economy. The Reader brings together a series of articles to help build a common understanding of the concept of Social Solidarity Economy (SSE), with specific focus … Continue reading

Uganda Includes Social Enterpreneurship in its National High School Entrepreneurship Curriculum

The high school social entrepreneurship curriculum—the first of its kind to be scaled to a national level—marks the first time that youth across a country will be taught as part of a national education system how to create initiatives that address the challenges of poverty, disease and environmental degradation, among others. The curriculum will empower as many as 100,000 diverse high school students across Uganda. Educate!, a Boulder- and Uganda-based non-profit that unlocks the potential of African youth to solve their communities’ greatest problems, was asked by the government of Uganda and the United Nation’s International Labour Organisation (ILO) to … Continue reading

Fonds Jeun’ESS: a partnership in favour of French youth

The French Ministry of Youth and Active Solidarity, in partnership with the largest French social and solidarity economy enterprises, has launched a fund called « Jeun’ESS » that aims to promote the social and solidarity economy amongst young people. Three axes of action have been retained for the Jeun’ESS fund: (1) to promote the social and solidarity economy, in particular within the education sector; (2) to support youth initiatives in the social and solidarity economy; and (3) to develop the best practices of enterprises of the social and solidarity economy that favour the professional insertion and integration of youth. Half of the … Continue reading

First System of Equitable and Solidarity Trade in the world, Brazil 2010

Thanks to the decree signed by president Lula da Silva during the plenary meeting of the National Council of Solidarity Economy that took place the 17th November in Brasilia, Brazil now has the first Equitable and Solidarity trade system in the world that is recognized and supported by the state. “Through this system, it will be possible to consolidate and amplify public policies in this sector and render permanent the achievements of the Brazilian workers” declared the president in his speech. The decree creating the National Cooperatives Fostering Program was also signed on this occasion. The National Equitable and Solidarity System … Continue reading

New Support Service for Social Enterprises in Australia

The Federal Government has established a national business development support service for social enterprises receiving Australian Government funding. The Gillard Government will provide $1 million to establish a support service for Australia’s social enterprises.  The Minister for Employment Participation and Child Care, Kate Ellis made the announcement at the recent Jobs Australia conference in Melbourne. Minister Ellis says the funding will build on the $20 million Social Enterprise Development and Investment Fund, which builds partnerships between the finance, social and corporate sectors. Ellis says the Government wants to ensure that social enterprises are viable and vibrant operations, so they can … Continue reading