Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-261-437"
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"en.20120913.29.4-261-437"2
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"I voted for the amendments to the proposal for a regulation on European Social Entrepreneurship Funds (EuSEFs), which is part of the Social Business Initiative set out by the Commission in its communication of 25 October 2011. A growing number of investors are interested in achieving social goals, as a result of which a social investment market has been emerging in the EU, comprised in part of investment funds targeting social undertakings. These funds finance social undertakings which act as drivers of social change, offering innovative solutions to social problems and making a major contribution to fulfilling the Europe 2020 strategy targets.
A regulation needs to be adopted establishing uniform rules applicable to EuSEFs wishing to raise capital in the EU and imposing corresponding obligations on their managers in all Member States. These requirements should ensure the confidence of investors who wish to invest in the relevant funds. In order to provide capital to social undertakings, EuSEFs should invest at least 70% of the total capital contributions and of committed callable capital in such undertakings."@en1
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