Findings on Social Economy Report Released

08/09/2011

Enterprise Minister Arlene Foster has released the findings of a report into the social economy sector.

The report sought to determine the sector’s potential to contribute to the economic regeneration of our communities, and to establish the best mechanism to take this work forward.

It outlines a range of recommendations to help unlock the potential of the sector in partnership with key stakeholders, as well as informing strategic policy direction and any future action plans within the context of the Executive’s draft Economic Strategy.

Arlene Foster said: “This report highlights the need for a fresh approach if we want to harness the collective potential of the social economy sector and broader third sector.

“The Executive values the contribution of the social economy sector and the report’s findings will ensure that current policy initiatives are in line with the sector’s future needs.”

The Minister added: “My Department will work with the social economy sector to facilitate an entrepreneurial and collaborative approach to its continued development in partnership with key stakeholders.”

The report also recognises the achievements of the Social Economy Network (SEN), which ceased operations on 31 August 2011. Any future plans to support and develop the sector will be taken forward in partnership with the SEN Board.

The Minister said: “I would like to place on record the Department of Enterprise, Trade and Investment’s appreciation for the work of the SEN Board and staff in often challenging circumstances given the current economic climate.”

Audrey Murray, SEN Chair said: “The SEN Board agrees with the findings within the report and we are delighted to work with DETI to ensure that a new support mechanism can be established to bring the social economy sector to a new level.”

For more information visit http://www.detini.gov.uk/deti-social-eco-index.htm

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