Abstract
The development of social entrepreneurship as a special business type is in its beginning in Latvia, therefore its development conditions have been researched very little. The legislation regulating this type of business activity commences on the 1st April 2018. In order to promote the development of social entrepreneurship and at the same time promote employment opportunities for unemployed persons who are less favoured, persons with disabilities and other socially vulnerable persons, the EU Structural Funds support for the realization of these strategic goals is available for social businesses. The research carried out a comparative analysis of the legal framework regulating social entrepreneurship in the Baltic States and an analysis of economic preconditions and the support system for social entrepreneurship. The present research contributes to research on social entrepreneurship in two aspects: 1) the legal framework distinguishing this business form from others is analysed; 2) economic preconditions for social entrepreneurship as well as its socio-economic goals and the relevant institutional framework in Latvia are analysed. The subject of the research: preconditions and prerequisites for social entrepreneurship. Methods of the research: the monographic method, statistical analysis and comparative analysis.
Highlights
Social enterprises belong to the social economy sector
One can conclude that the role of the social economy sector increased – 2.8 million individuals were employed in the social economy in 2002–2003, and most of them (92%) were employed by associations, foundations and other similar accepted forms of enterprises (European Commission, 2013)
An analysis of legal provisions for social entrepreneurship in Latvia done by the authors reveals that the Social Enterprise Law (SELL), (LR Saeima, 2017) becomes effective in Latvia on 1 April 2018
Summary
Social enterprises belong to the social economy sector. Their purpose is rooted in the targets of the European Commission’s strategy Europe 2020 (European Commission, 2016): to promote a sustainable and competitive economy, social and territorial cohesion and employment in Europe. Social entrepreneurship is a new phenomenon; it has to be researched in order to build up information and shape discussions on its expansion, taking into account economic, social and other preconditions in a particular region. A number of problems could be identified in the environment for entrepreneurship in Latvia that can affect business development in the social economy sector. The research aim is to perform an analysis of the legal prerequisites and economic preconditions for social entrepreneurship
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