The Secretary of State for the Social, Solidarity and Responsible Economy and the Banque des Territoires commit 300 million euros to the development of the Social and Solidarity Economy and Social Innovation.
In order to strengthen common areas of intervention, Olivia Grégoire, Secretary of State for the Social, Solidarity and Responsible Economy, attached to the Minister of the Economy, Finance and Recovery, and Olivier Sichel, Deputy Chief Executive Officer, Director of the Banque des Territoires, today signed an agreement to act on strengthening support for SSE companies, developing financing for SSE companies and supporting social innovation.
Social and solidarity economy (SSE) companies are an important economic strength in our country, representing 14% of private sector employees and 10% of GDP. Their capacity for continuous innovation on many social issues, their roots in the territories and the local economic development they allow in the most fragile areas, make them key players in the country's social and territorial cohesion. This is why the Banque des Territoires and the French government have decided to renew and expand the partnership they signed in 2018 to support SSE companies and enable them to scale up and transform their local initiatives into national solutions. To this end, the Banque des Territoires is providing €300 million to serve the SSE between 2020 and 2022, as part of a pact to boost the social and solidarity economy and social innovation.
To this end, the Banque des Territoires is providing €300 million to the SSE between 2020 and 2022, as part of a pact to boost the social and solidarity economy and social innovation.
This agreement reflects the renewed commitment of the State and the Bank of the Territories to develop SSE as a "sustainable development model" driving force of tomorrow's economy. By supporting, in particular, the dynamic of contracts with impacts, Caisse des Dépôts Group is a leading partner in government action to promote social innovation.
The Bank of the Territories actively works for more inclusive territories. This is why it aims to strengthen its actions on social and territorial cohesion by massively supporting SSE companies, essential links in this social cohesion, over the next three years. By systematically promoting social innovation in the territories, its objective is to amplify the social impact of its public interest investments.