A week of activities is happening starting 18th February to tell people about social enterprises in the Solent area and help them grow from strength to strength.
A social enterprise is a business that trades for a social and/or environmental purpose. It will have a clear sense of its ‘social mission’ which means it will know what difference it is trying to make, who it aims to help and how it plans to do it. It will bring in most or all of its income through selling goods or services. And it will also have clear rules about what it does with its profits, reinvesting these to further the ‘social mission’.
Social enterprises come in many shapes and sizes from large national and international businesses to small community based enterprises but they all:
- Are businesses that aim to generate their income by selling goods and services, rather than through grants and donations
- Are set up to specifically make a difference
- Reinvest the profits they make in their social mission
If you meet or aim to meet these criteria and you have these commitments expressed clearly in your governing documents then you are very probably a social enterprise.
- There are 70,000 Social Enterprise in the UK
- 40% of social enterprises have a female leader, compared with 19% of SMEs and 7% of FTSE 100 companies.
- Social enterprises are far more likely to be led by women than mainstream businesses. 91% of social enterprises have at least one woman on their leadership team. 49% of mainstream SMEs have all-male directors.
- 28% of social enterprise leadership teams have BAME directors. Only 11% of SMEs report having directors from a BAME background.
- 63% of respondents expecting their turnover to increase in the next two to three years – compared to 57% two years ago. Only 37% of SMEs expect their turnover to grow.
- Social enterprises are very heavily concentrated in the UK’s most deprived communities. 38% of all social enterprises work in the most deprived 20% of communities in the UK, compared to 12% of traditional SMEs.
What is the Social Enterprise Place programme? Social Enterprise Places are areas where social enterprise activity is thriving. From quarters, towns, cities and zones, areas around the UK are declaring themselves as social enterprise places committed to investing in the sector. Social Enterprise UK is recognizing these hotspots of social enterprise activity by awarding them with the Social Enterprise Place badge, celebrating their achievements and supporting them to grow. Registered Social Enterprise Places will be supported to reach out to and involve local councils, businesses, charities, consumers and budding social entrepreneurs, bringing them together to grow their social enterprise communities. The programme aims to promote, raise awareness, and build the markets for social enterprise at a local and national level. Take a look at our short animation video here http://www.socialenterprise.org.uk/social-enterprise-places
Programme Manager - Social Enterprise Places
Social Enterprise UK
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