Social Enterprise

Social enterprises are companies or organisations that provide solutions to social issues through trade. The key focus of a social enterprise is to resolve a specific issue or a number of issues that society is facing. This might be defined as unemployment, environmental, physical abuse, or homelessness. These companies address a wide range of issues and through innovation and partnerships change people’s lives for the better. Social enterprises differ from conventional business in that they are founded on core principles initially and seek to reinvest a significant portion of their profits back into their social objectives.

Social Enterprise’s do the following:

  • Have a clear social and/or environmental mission set out in their governing documents
  • Generate the majority of their income through trade
  • Reinvest the majority of their profits
  • Be autonomous of state
  • Be majority controlled in the interests of the social mission
  • Be accountable and transparent

Source: Social Enterprise UK