SOCIAL ENTERPRISE

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(No Transcript)
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SOCIAL ENTERPRISE Steve Wallace Assistant
Director Social Enterprise Unit DTI
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What is a social enterprise?

• A social enterprise is a business with primarily
  social objectives whose surpluses are principally
  reinvested for that purpose in the business or in
  the community, rather than being driven by the
  need to maximise profit for shareholders and
  owners.

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Social enterprises contribute to

• Diverse Government Objectives
• Productivity and competitiveness
• Wealth creation through sustainable economic
  activity
• Neighbourhood, urban and rural renewal and
  regeneration
• Public service delivery and reform
• Social and financial inclusion
• Social capital and active citizenship

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The governments vision

• Dynamic and sustainable social enterprise
  strengthening an inclusive and growing economy
• Existing social enterprises able to develop and
  grow
• More social enterprises in all sectors and in all
  areas

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The Government story so far

• Social Enterprise Unit set up in October 2001
• 8 Working Groups to contribute to the development
  of the Governments strategic framework
• Publication in July 2002 of
• Social Enterprise A Strategy for Success
• Publication in October 2003 of Progress Report
• SEnU becomes part of SBS, April 2004

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Social Enterprise a strategy for success

• www.dti.gov.uk/socialenterprise

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Aims of the Government strategy

• Tackling major barriers to the growth of social
  enterprise
• Poor understanding
• Little evidence of impact
• Fragmented availability of support
• Difficulty accessing finance
• Limited account of social enterprise within an
  enabling environment
• Complexity and lack of coherence within sector

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Three key outcomes

• Create an enabling environment
• Make social enterprises better businesses
• Establish the value of social enterprise

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Create an enabling environment

• Highlights
• Community Interest Company legal form Bill
  progressing in Parliament
• Public procurement toolkit for social enterprises
  launched and being promoted
• Increased recognition of social enterprise within
  Government
• Future priorities
• Working to promote greater involvement of social
  enterprise in local service delivery
• Encouraging commercial relationships between
  social enterprise and private sector businesses

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Make social enterprises better businesses

• Highlights
• Business Link Operators sharing information
  expertise on social enterprise nationally
• Support for specialist training and advice
• Bank of England report on access to finance
• Support for Community Development Finance
  Institutions
• Future priorities
• Follow up on Bank of England case studies
  research, SEC Guide to Finance, patient capital,
  asset transfer
• Encouraging growth of social enterprise in
  specific sectors e.g. rural, housing, childcare
  and particular groups e.g. women, BME

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Establish the value of social enterprise

• Highlights
• Recognise achievement and spread word
  Enterprising Solutions and Inner City 100 awards
  provide higher quality media coverage in 2003
• Establish the knowledge base guidance on mapping
  produced next state of research on collective
  core baseline data underway.
• Support for Social Enterprise Coalition
• Social audit
• Future priorities
• Baseline research
• Web-portal work

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Further work required on

• social enterprises and service delivery
  (particularly in health social care, crime,
  community cohesion, education learning, support
  for children and young people)
• how to scale up social enterprises
• skills development at all levels, including
  boards
• career development and succession planning
• encouraging social enterprise as a career option
  through schools
• further development of quality and impact tools

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Further work required on (2)

• encouraging diversity, including designing
  policies and communications strategies that
  impact on hard to reach groups
• social enterprise trading with other social
  enterprises and the private sector, including
  supply chains
• the role of social enterprises in delivering RDA
  priorities
• communications strategies for the sector
• how to set up social enterprise partnerships,
  including DPs

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Contacts in SEnU

• Create an enabling environment
• catherine.mcleod_at_dti.gsi.gov.uk
• Make social enterprises better businesses
• steven.wallace_at_dti.gsi.gov.uk
• Finance and funding
• megan.bingham-walker_at_dti.gsi.gov.uk
• Establish the value of social enterprise
• jessica.rafinski_at_dti.gsi.gov.uk
• Social Enterprise Unit (SEnU)
• socialenterpriseunit_at_dti.gov.uk