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PESTEL analysis (SOCIAL (In Belgium : the rise of social entrepreneurship…
PESTEL analysis
SOCIAL
In Belgium : the rise of social entrepreneurship came very late. In 1988, the Walloon Council of the Social Economy was created
Today, sustainable investments, societal entrepreneurship and sustainable development concepts are experiencing remarkable growth
Creation of many associations and organizations promoting social enterprises
With awareness in schools, among business creators and institutions
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POLITICAL-LEGAL
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In Belgium, societal entrepreneurship is mainly managed by the regions
Adoption of appropriate legal statutes, establishment of State aid rules and appropriate public procurement regulations needed
TECHNOLOGICAL
New technologies influence the number of jobs created by reducing the number of people involved in the creation of a product or service. This can be interesting for NPOs with limited resources.
Social networks make communication much easier, faster, more accurate and more cost-effective
Incubators and other fablabs are a good example of the key role that technological tools can play in societal entrepreneurship
ECONOMICAL
In Belgium : Support for Belgian social enterprises has been set up in government programmes in the three regions of the country.
In Wallonia, a budget of €11 million per year
In the Brussels-Capital Region, bonuses available to social enterprises applying for financing + subsidiary of the Brussels Regional Investment Company.
In Europe : an instrument has been introduced to encourage private and public actors to invest more in societal projects, through equity investments or loans
The European Commission has developed a specific action to finance social enterprises
ECOLOGICAL
Growing awareness that the environment is in danger is leading to an increase in the creation of ecologically responsible projects
In Brussels as in Wallonia, many societal projects are created largely through local projects. (short-circuit projects, organic shops, local projects opposed to the way multinationals operate)