The Swedish Social Enterprise Monitor 2023-2024 report shows that the biggest obstacle for social enterprises is the lack of knowledge and understanding among banks, investors, and support organisations regarding the significance of the value created by social enterprises.
Limited knowledge and understanding among stakeholders in the entrepreneurial ecosystem of how social entrepreneurship and the promotion of societal value lead to long-term savings for society restrict the opportunities and activities of social entrepreneurs in the market.
A variety of available business models are often used by “purpose-driven” social enterprises, but there is a need for business models that are better suited to social enterprises and include the components and steps required to effect change within the social system, including resources and financing opportunities.
Takeaways:
- The support that respondents most commonly need from ecosystem actors is to increase visibility and awareness for social enterprises (60%), followed by access to financing and financial support (50%), advocacy for policy/legislative changes (41%), and access to networks and relevant stakeholders/partners (39%).
- The majority of respondents (63%) would like political support for the creation and/or improvement of dedicated public financing systems for social enterprises (including subsidies), as well as more frequent procurement from social enterprises.
- Women make up an average of 56% of board members among these social enterprises.
(Euclid Network)
