Improving the framework conditions and capacities of social enterprises and their ecosystems

The scientific objective of the project is to develop tools and operating models for evaluating social effectiveness, especially from an economic perspective. The goal is to collect information related to social enterprises and to develop solutions, especially for social enterprises in the form of limited liability companies, to be included in the scope of systematic data collection.

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The ESF+-funded consortium project includes 11 partners. The total project budget for the years 2023-2027 is approximately 10 million euros. The goal is to strengthen national and regional ecosystems that support social entrepreneurship and find opportunities for the growth of both business and social impact.

The task of the LUT Business School team is to

Integrate the insights from academic knowledge and networks into the national ecosystems.
Develop tools for social/sustainability impact evaluation/accounting.
Develop systematic data collection and analysis of Finnish social enterprises and impact driven businesses, including international comparisons.

This will enhance the social enterprises’ capacity to combine financial viability with sustainable impact, and support evidence-based innovation policy.

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Project period:

1.1.2023-30.11.2027

Project funding:

The European Social Fund Plus (ESF+)

Goals

The goal is to increase social entrepreneurship by improving the business opportunities of these companies and to increase the business skills of entrepreneurs. Increasing social effectiveness assessment and effectiveness competence is also central when developing both the business opportunities and growth goals of social enterprises. In addition to the overall purpose of the project is to generate new information about social enterprises, the goal is also to increase awareness of social entrepreneurship.