A 90m Euro fund to support the development of social enterprise has been proposed by the European Commission. The fund is separate to a 50m Euro investment fund provided by the European Investment Fund, which is expected to open next year.

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"The fund aims to 'facilitate access to funding for start-up, development and expansion of social enterprises' and invest in other funds that invest in the social enterprise world, in a manner similar to Big Society Capital.However, EU budget planning means it is unlikely to be set up before 2014."

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