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Social enterprise: a new way of doing business

Posted on: 1/11/2018 11:31:12 PM under General News
The cabinet has approved a bill aiming at introducing social enterprise in Cyprus, which has €3.1m in funding from the European Social Fund, Interior Minister Constantinos Petrides announced on Thursday.

In a press conference, the minister said the idea of social enterprise is a new way of business aimed at offering goods and services to the market in a bid to serve social or environmental goals.

According to Petrides, this will create new jobs, reduce social exclusion of vulnerable groups, introduce high-quality services with a social angle and lay the groundwork for social innovation.

As reported in Cyprus Mail.