Financial support of development and tools of financial support of social entrepreneurship

Abstract

The purpose of scientific research is to analyze the process of financial support and to outline the tools of financial support for its development in modern conditions. The article considers the concept of social entrepreneurship as a phenomenon of the modern economic system of Ukraine. The point is that social entrepreneurship aims to ensure social, economic and environmental impact in communities. Social entrepreneurship must also solve social problems through a certain mechanism of economic activity, which is determined by innovation and systematic work. The methodological basis of the study is the theoretical justification of financial support for the development of social entrepreneurship in Ukraine and analysis of the tools of its financial support. The scientific novelty of the obtained results lies in the substantiation of the necessary measures of financial support in the activities and development of social entrepreneurship with outlining the effect of the use of financial resources at the regional level. Conclusions. The study found that in the context of permanent crises that occur in the country, it is necessary to take care of diversification of sources of financial support for the development of activities and the choice of effective tools for raising and regulating funds in social entrepreneurship. Successful financing of social enterprises in the state should result in employment (especially vulnerable categories of citizens) and ensuring quality social benefits in communitiesThe authors point out that the low level of protection of citizens in the social sense and regional unemployment are for the constant search for alternative sources of financing for social enterprises and the search for the latest tools for managing funds. The issue of financing social entrepreneurship by governmental and non-governmental organizations has been studied of Ukraine. The factor of influence of organizational and legal form of conducting economic activity on the process of financing and mechanisms of its realization is analyzed. Problems that slow down the development of social entrepreneurship in the country and prevent the effective use of available funds and alternative search for new ones are presented. Possible ways to finance social entrepreneurship are provided, shown by the example of crowdfunding crowdfunding is a non-refundable investment in the activities of social entrepreneurs. The effect of financing social entrepreneurship on filling the budgets of different levels is outlined. The optimal OPF of management and methods of financial development in the pre-crisis and post-crisis period are offered. Key words: social entrepreneurship, traditional business, financial provision, financial instruments, state support.