“Improving Access to Funding” – a complementary Subject Paper from the GECES

Published by Wolfgang Gumpelmaier-Mach on

The “Social enterprises and the social economy going forward” report, adopted in October 2016, is a capstone of the European Commission’s Expert Group on Social Entrepreneurship (GECES).

As a supporting document to the GECES report, the paper sheds light on the considerations behind the recommendations included in Chapter 2 of the report, elaborating in detail on specific ways of implementing them through the aid of illustrative case studies.

As part of creating an ecosystem that improves access to finance for social enterprises, the working group focused on three key policy domains – capacity building, private funding and public funding. The Working Group’s recommendations were formulated against the backdrop of diverging interpretations of the very concept of social enterprises, their differing financing needs, as well as certain regulatory disincentives across many Member States.

In this context, three principal ‘blockers’ to accessing finance by social enterprises were identified. The recommendations that figure in the GECES report were directly informed by certain needs, which are discussed in the report in detail.


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Wolfgang Gumpelmaier-Mach

I am an independent digital media consultant, focussing on Crowdfunding for the creative industries in Austria and Germany. I consulted more than 100 projects, wrote numerous articles on the topic and I am active as a speaker and workshop host. I am running consulting and information portal www.Crowdfunding-Service.com and publish a monthly Crowdfunding newsletter. Together with my colleague Karsten Wenzlaff from the Berlin based Institut für Kommunikation in Sozialen Medien (ikosom) I published “The (almost) complete guidebook to Crowdfunding for SME’s” as part of the project CrowdFundPort. During his media studies at Vienna University I worked as a film critic and journalist. I am a passionate web user and always on the hunt for the latest trends in Social Media and Digital Communication. I am also working for the CREATIVE REGION Linz & Upper Austria as project manager. Additionally I am supporting a few start-ups and SME's in terms of press relations.


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