Social capital, the social economy and community development

Social capital is increasingly used in the field of communitydevelopment and the social economy. This article describes someof the results to emerge from a three-year research project(CONSCISE Project), which looked at the contribution socialcapital can make to the social economy within local economicdevelopment. Following the definition of social capital, thearticle examines how it can be assessed and then goes on tolist the main findings on the significance of social capitalin the understanding of the social economy and community development.It concludes with a number of policy implications on how socialcapital can be used within the context of community development.