Espriu Foundation among the leading Social Economy enterprise groups

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15.05.2020

Espriu Foundation among the leading Social Economy enterprise groups

The CEPES has published its "Significant social economy enterprises 2019-2020" report, analysing the significance of this enterprise model and its impact on the Spanish economy.

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The report places the healthcare cooperative network made up of Asisa and Assistència Sanitaria among the main Social Economy enterprise groups, with a turnover of 1.622 billion euros in 2018, employing nearly 6,200 people.

The report by the Spanish Social Economy Enterprise Confederation gathers together information on 878 enterprises, 722 of them cooperatives. Out of all the enterprises analysed, more than half of them have under 50 workers, around a quarter employ between 50 and 250 people, and the remainder more than 250. This figure highlights the validity of the social economy enterprise model across different stages of the economic cycle, suited both to small enterprises and large corporations.

The latter includes figures for seven enterprise groups belonging to the Social Economy, including those of the Espriu Foundation, with a combined turnover of more than 95.234 billion euros.

The group of enterprises studied by the document is recognised under the Social Economy Act passed in March 2011, establishing a standardised legal framework for cooperatives, worker-owned companies, mutuals, occupational inclusion enterprises, special employment centres, fishermen’s guilds and associations in the disabled sector.

Beyond the diversity of its legal structures, this enterprise model stands out for its capacity to combine business efficiency and values such as solidarity, responsibility and social cohesion. The keynote of its management approach is the priority given to people rather than the return on capital, as seen in the reinvestment of profits in job creation and in growing the business.

According to the CEPES, Spain's social economy contributes 10% of national GDP and 12.5% of employment.

The report is available at this link

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