The Council is currently chaired by the Secretary of State for the Social Economy and its composition is as follows:

1. 20 members who are directors-general, representatives of the General State Administration, with the following distribution:
   • 2 each from the Ministry for Work and Social Economy; the Ministry for the Economy and Digital Transition; the Ministry for Social Rights and 2030 Agenda 2030; and the Ministry for Agriculture, Fishing and Food;
   • 1 for each of the Ministries for Inclusion, Social Security and Migration; Transport, Mobility and Urban Agenda; Finance; Industry, Trade and Tourism; Territorial Policy and Civil Service; Consumer Affairs; Gender-based Equalities; Universities; Presidency, Relations with Parliament and Democratic Memory; Ecological Transition and the Demographic Challenge; Education and Vocational Training; and Health.
2. 20 members from regional and local administrations, including:
   • 19 members representing the Autonomous Communities and the Ceuta and Melilla municipalities,
   • 1 member appointed by the State Association of Municipalities and Provinces. This member represents local authorities.
3. 20 members, representatives of social economy organisations at state level, as follows:
   • 18 of them on the basis of proposals from the representative cross-industry federations at national level,
   • 2 at the proposal of the majority of the sectoral organisations of the social economy which are not represented by the above-mentioned inter-branch organisations.
4. 3 members representing the trade union organisations that are most representative at the national level.
5. 5 members appointed by the Ministry for Work and the Social Economy from among persons of recognised prestige in the field of the social economy, after having heard the social economy organisations referred to in point (d) of this section.

The Social Economy Promotion Council works in a Plenary Session and in a Standing Commission. The plenary session of the Council shall meet in ordinary session at least twice a year and in extraordinary session whenever the Presidency so decides on its own initiative or at the request of one third of its members.

To carry out studies or make proposals on matters relating to the Council's tasks, working groups may be set up within the Council by decision of the plenary. Any information necessary for the performance of their duties may be obtained by the Working Groups through the Secretariat.

The Social Economy Promotion Council is empowered as follows:

• Inform and collaborate in the preparation of projects on any legal or regulatory provisions affecting social economy organisations.
• Prepare the reports requested by the Ministry for Work and Social Economy and other ministerial departments.
• Preliminary report on the preparation and updating of the catalogue of social economy organisations of the Ministry for Work and Social Economy.
• Inform policies and programmes to develop and promote the social economy.
• Carry out studies and reports on the issues and problems affecting the social economy and, in particular, on the strengthening of the knowledge, the institutional presence and the international projection of the social economy.
• Promote and ensure compliance with the guiding principles set out in Article 4 of Law 5/2011, of 29 March, on the Social Economy.
• Prepare a report on the measures taken to provide statistical information on the social economy.
• Any other functions and powers attributed to it by law and regulations.