Notes:
An alternative business option-Social enterprises- when they profit society profits. They trade and tackle social problems, improve communities and peoples life chances.
An alternative business option-Social enterprises- when they profit society profits. They trade and tackle social problems, improve communities and peoples life chances.
Have a clear
social/environmental mission set out in their governing documents.
They generate the majority
of their income through trade. Social enterprises are controlled in the
interest of the social mission. They are accountable and transparent.
They have to generate more
than 50% through their own trading activities. It is not a charity. Profits
have to be generated.
The UK is home to 68,000
social enterprises.
Ownership and control are
essential questions in social enterprise and we believe that that it should be
owned and controlled by the interest of the social mission.
The government-backed bank
has an initial 600 million and will lend to social enterprises.
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