The business environment constitutes one of the essential elements of the country’s competitiveness. The Ministry of the Economy and Innovation of the Republic of Lithuania wishes to help business. In Lithuania social business are confused with corporate social responsibility (CSR) programs. In fact social business is something different.
In Spring 2015, the Ministry of Economy approved the conception of Social Business.
At the end of 2015 the Ministry of Economy approved the Social Business Promotion 2015-2017 year action plan. The plan contains specific measures to create a social business-friendly legal, financial and fiscal environment, promoting social business culture, and increase awareness.
To boost social enterprise ecosystems, the OECD and the European Commission are working hand-in-hand to support European Union (EU) members in the creation of conditions allowing social enterprises to reach their full potential.
The review, conducted by OECD “Boosting Social Entrepreneurship and Social Enterprise Development in Lithuania, In-depth Policy Review”, 2019, provides an in-depth analysis of the Lithuanian policy ecosystem in place for social entrepreneurship and social enterprises. This review provides an in-depth analysis of the Lithuanian policy ecosystem in place for social entrepreneurship and social enterprises. It identifies the country’s key strengths and challenges and provides policy recommendations to support the development of a stronger policy ecosystem for social entrepreneurship and social enterprises.
Key policy issues analysed include: raising awareness and clarifying the conceptual framework (Chapter 2); coordinating policy and legal frameworks (Chapter 3); enhancing the role of social enterprises in public procurement (Chapter 4); promoting social impact measurement and reporting (Chapter 5); and improving their access to finance (Chapter 6).
- OECD/EU (2019), “Boosting Social Entrepreneurship and Social Enterprise Development in Lithuania, In-depth Policy Review”, OECD LEED Working Papers, 2019, OECD Publishing, Paris, https://doi.org/10.1787/8036b14d-en