Institutional Support Announced for Social Economy Initiatives at 2025 Summit
Spain emphasizes social economy support at the European Social Economy Summit with new funding announcements.
- • EAPN-ES highlights social economy's role in inclusion and cohesion.
- • Mikel Torres announces over 4 million euros in funding.
- • The summit reinforces public-private collaboration in social economy.
- • Spain seeks to address poverty and enhance economic sustainability.
Key details
On September 19, 2025, the significance of the social economy was underscored at the European Social Economy Summit held in Spain, particularly regarding its role in promoting social inclusion and cohesion. The European Anti-Poverty Network (EAPN-ES) emphasized this perspective, advocating for the recognition of social economy initiatives as vital to achieving these goals. EAPN-ES asserts that the social economy not only addresses economic needs but also fosters community ties and social integration through various innovative projects. In line with these sentiments, Mikel Torres, the Basque Government's Minister for Social Economy, announced over 4 million euros in funding aimed at stimulating growth in the social economy sector. This financial support is expected to empower local organizations and initiatives that champion inclusivity and economic sustainability.
Additionally, the summit has seen participation from various stakeholders, reinforcing the commitment to enhancing the impact of social economy strategies across Europe. As stated by EAPN-ES, the collaboration among public and private sectors is crucial for the successful implementation of these initiatives. This strengthen's Spain's ongoing efforts to harness the social economy as a catalyst for societal change and to alleviate poverty, highlighting the importance of coordinated actions in these domains.
The outlined initiatives signal a promising direction for Spain in aligning with broader European goals of social solidarity and economic innovation.