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The results of the study 'Scoping the Socio-economic Performance of the EU Proximity Economy' are out!

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13 November 2024

The results of the study 'Scoping the Socio-economic Performance of the EU Proximity Economy' are out!

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Read the new report of the European Commission and EISMEA, shedding new light on the proximity economy. This study offers a new definition of proximity economy, maps proximity economy initiatives across the EU and UK and estimates its size, and develops a new monitoring framework for public authorities’ use.

Content source
Click on this link to access the results of the study.
Authors

Editorial Team: EY

Topics
Geographical descriptors

Albania

Austria

Belgium

Bulgaria

Croatia

Cyprus

Czechia

Denmark

Estonia

EU-27

Finland

France

Germany

Greece

Hungary

Ireland

Italy

Latvia

Lithuania

Luxembourg

Malta

Netherlands

Poland

Portugal

Romania

Slovakia

Slovenia

Spain

Organisation Type

Academic/Research and VET Institutions

Company with 250 or more employees

EU institutions

Financial Institutions and Investors

Industry Associations and Chambers of Commerce

International Organisations

Local authorities

National authorities

Networks and Federations / Confederations

NGOs / Non-profits

Regional authorities

SMEs (a company with less than 250 employees)

Trade Unions

  • Thematic area

    • Financing the ecosystem

    • Partnerships

    • Regenerative Green Transition

    • Skills

    • Transformative Digital Transition

    • Urban and Rural Wellbeing

    • Working conditions and governance

  • Interlinkages with other sectors

    • Agri-food

    • Construction

    • Cultural and creative industries

    • Digital

    • Energy intensive industries

    • Energy-renewables

    • Mobility, transport, automotive

    • Retail

    • Textile

    • Tourism

  • Action areas and keywords

    • 15-minute city

    • Boosting digital skills by - and in the social economy

    • Buy social

    • Circular Economy

    • Clusters (including Cluster of social and ecological innovation)

    • Creating financial incentives and supportive regulation for green and circular social economy business models

    • Digital social innovation

    • Greening infrastructures and business operations

    • Innovation as enabler for green transition and business development in the social economy

    • Local Green Deals, green business communities and citizens’ initiatives

    • Local Markets

    • Micro mobility

  • Ecosystem focus

    • Proximity economy

  • Scope of activity

    • Local/neighbourhood

    • Regional

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What is the socio-economic impact of the proximity economy in the EU? The final report for the study 'Scoping the Socio-economic Performance of the EU Proximity Economy' aims to provide the answer. 


The study first provides a new definition of the proximity economy. The proximity economy ecosystem is defined as “a human-centric ecosystem which consists of the production, distribution and consumption of goods and services within short value chains, enabled by, and based on locally rooted social interactions within a geographical area of perceived closeness.”


To tackle the size of the proximity economy ecosystem, this study maps proximity economy initiatives across the EU and UK, and estimates the size of the proximity economy across these countries with an innovative approach, based on an analysis of intra-regional trade. 


If you are wondering how to put this into practice in your proximity planning activities, the report includes a new monitoring framework for public authorities to use - this is also available in a separate report here. The study also offers recommendations to European, regional and local authorities on how to support the emergence of a flourishing proximity economy.


The study was commissioned by EISMEA and DG GROW and conducted by EY, Spatial Foresight, and LSE Cities. Click here to download it!

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