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Comparative Success Rates in Fund Allocation for Social Enterprise Subsidies in Romania: Rural vs Urban Dynamics in 2024

Author

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  • Simona-Beatrice Manolache

    (Dunarea de Jos University of Galati, Romania)

  • Cristian Marian Radu

    (Bucharest University of Economic Studies, Romania)

Abstract

The allocation of funds for social enterprise subsidies is a critical mechanism in advancing social entrepreneurship, particularly in countries like Romania, where social enterprises play a significant role in fostering community resilience and economic inclusion. In 2024, Romania continues prioritizing these subsidies, with a growing focus on equitable development across rural and urban regions. However, the dynamics of fund allocation differ considerably between these settings due to varying economic structures, infrastructure, and the capacity of social enterprises to attract and manage funding. This article examines the comparative success rates in fund allocation for social enterprises in rural versus urban areas. The study shows a coordinated effort between EU and national funds to support various development projects in Romania. The analysis highlights the need to address regional and sectoral disparities in fund allocation, better support rural projects, and improve the overall quality of projects to maximize long-term social and economic impact. Investments in the social economy must continue, given their crucial role in reconciling economic, social, and financial dimensions. However, increasing attention to sustainability and equity in resource distribution is essential.

Suggested Citation

  • Simona-Beatrice Manolache & Cristian Marian Radu, 2024. "Comparative Success Rates in Fund Allocation for Social Enterprise Subsidies in Romania: Rural vs Urban Dynamics in 2024," Journal of Agriculture and Rural Development Studies, "Dunarea de Jos" University of Galati, Doctoral Field Engineering and Management in Agriculture and Rural Development, issue 2, pages 30-38.
    • Handle: RePEc:ddj:ejards:y:2024:i:2:p:30-38
    DOI: https://doi.org/10.35219/jards.2024.2.03
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    References listed on IDEAS

    as
    1. Cristian MIRICA & Monica Laura ZLATI & Angela Eliza MICU & Silvius STANCIU & Violeta SAPIRA & Andrei Mirel FLOREA, 2020. "Managing the Financial Stress Generated by the COVID-19 Pandemic in the Public System. Solutions for Economic Restart in Romania," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 61-67.
    2. Marian Socoliuc & Veronica Grosu & Elena Hlaciuc & Silvius Stanciu, 2018. "Analysis of Social Responsibility and Reporting Methods of Romanian Companies in the Countries of the European Union," Sustainability, MDPI, vol. 10(12), pages 1-37, December.
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