Review of the "Small Business Act" for Europe (COM(2011) 78 final)
COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS: "Review of the "Small Business Act" for Europe" (23/02/2011)
p17: "There are also SMEs which follow business models different from the traditional capital based companies. This category, known as the “social economy”, includes non profit associations, foundations, co-operatives, mutual societies and similar legal forms. In order to respond to the particular needs of these undertakings, the Commission announced in the Single Market Act a number of actions that will provide a level playing field. These actions would address issues related to cooperatives, foundations and mutuals on the one hand and enterprises pursuing social objectives on the other."
The Commission will:
• adopt, by the end of 2011, a Social Business Initiative focusing on enterprises pursuing social objectives.
See online : On the European Commission’s website