Third Sector and Public Services: Key Governmental Initiatives, Examples of Third Sector Organizations, Benefits and Limitations of Partnership with Public Sector

Third Sector and Public
Services

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
The key governmental initiatives, between 1990’s to present day that have shaped the social
economy.................................................................................................................................1
Three examples of third sector organisations that have been pivotal to the support of public
sector organisations................................................................................................................3
The main benefits and limitations of working in a partnership with the public sector..........5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................6

INTRODUCTION
The social economy generally comprises of the third sector of the mixed capitalist
economies that are different and distinct from the private as well as the public sectors
organisation. On the other hand, public sector organisations are the one which are management,
controlled and financed by government and or some other local agencies under state government
(Petrescu and Lambru, 2021). The current report comprises of analysis of key governmental
initiatives that has been taken place during the 1990’s till the present day and played a vital role
in shaping the social economy. Beside this, a discussion about the three examples of third sector
organisations that have been pivotal to the support of public sector organisations has also made.
At last, main benefits and limitations of working in a partnership with the public sector is also
provided in current study.
TASK 1
The key governmental initiatives
The social economy is the one that are based on some form of cooperative as well as some
not for profit along with other form of voluntary organisation rather than paid activities caries
out within the communities (Reina and Scarozza, 2021). Further, the social economy is defined
as a collection of different social objectives for which organisation comprises of cooperatives,
mutual societies, voluntary organizations, foundations, and social enterprises that are effectively
working to make it up.
 1990s- It has been find out that the since the 1980s many attempts have been made by the
government of UK to develop commonly accepted statutes for traditional social economy
entities which comprises of the co-operatives, foundations, associations and mutual
societies). Since 1980 and 1990s. It has been analysed that the limited scope of the
policies deployed by the EU and UK to promote the social economy which does not seem
to take into account the multidimensional nature of the social economy. Thus, at that time
a consequent need to develop a cross-sectorial policy framework policy is adopted by the
government of UK that is capable of fully capitalising on the overall social economy
potential (Valdovinos, 2021). Along with this, establishment of the transversal
institutional and normative links to unlock social economy potential is also made by the
government of UK in the creation of a more efficient and participatory model of goods
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