ABN AMRO committed to social entrepreneurship

Press release -

Corporate social entrepreneurship

ABN AMRO has extended its collaboration with Social Enterprise NL by three years. The bank uses its expertise in finance, coaching and entrepreneurship to help this national platform, which represents, connects and supports social enterprises.

Social enterprises focus primarily on the social mission of their business; making a profit is a secondary concern. They can be found in all business sectors and create a great deal of social value for people and the environment. Social Enterprise NL helps these companies by offering training courses and workshops, helping them raise capital and lobbying for better legislation and regulations.

Willemijn Verloop, founder and director Social Enterprise NL: ‘In addition to things that every entrepreneur has to deal with, such as acquisition and regulations, access to operating capital is a big problem for social enterprises. Financiers still view risks and revenues from a traditional perspective. Together with ABN AMRO, we are trying to change this and to find new forms of finance. Our collaboration with ABN AMRO is an acknowledgement of the relevance of social enterprise and a great support in the development of this sector.’

Chris Vogelzang, member of the ABN AMRO Managing Board: ‘Social enterprise is an important theme at the bank and helps promote an economy that benefits all. Social entrepreneurs have a large impact on society. Our ambition is to help these entrepreneurs by using our expertise in areas such as finance and by providing financial advice, coaching through ABN AMRO Foundation and investments through the ABN AMRO Social Impact Fund.’

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