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Social Enterprise: creating social value Nick Temple Deputy CEO

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Presentation on theme: "Social Enterprise: creating social value Nick Temple Deputy CEO"— Presentation transcript:

1 Social Enterprise: creating social value Nick Temple Deputy CEO

2 Leading Lives – Social Care
Community health services – Provide / Anglian Community Enterprise (Colchester) Dentistry – Community Dental Services Furniture recycling – Re-Create Cafes Garden centres – Realise Futures Physiotherapy – Allied Health Lending to others – Foundation East

3 What is Social Enterprise?
Business driven by a social purpose. MISSION TRADING PROFIT OWNERSHIP REPORTING = Definition debates. Key points: trading / earning income what they do with profits ownership social purpose / mission primary 3

4 Social Enterprise in the UK – state of play
c. 70,000 social enterprises in the UK (5% of all businesses) Contributing c.£25 billion to the UK economy and employing over 1 million people. Operate in almost every sector: from health and social care, to renewable energy, transport, retail and housing There are many routes to social enterprise including: spinning out of parts of the public sector entrepreneur-led organisations charities becoming more business-orientated Government statistics - we are slightly more cautious at c. 50k social enterprises Not a fringe activity anymore is the key point + a big economic (as well as social) contributor 4

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6 Social Enterprise UK Building markets for members and movement .

7 Social Enterprise in the UK – by geography
West of England – 600 SEs, 10,000 jobs, £400m turnover Cumbria – 750 SEs, 4,000 jobs, £300m to economy Black Country – 1400 SEs, 34,000 jobs, £460m turnover 7

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10 Started with SEUK members - 1 in 4 didn’t buy anything from a social enterprise
Pledge - then expanded to private sector

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12 SOCIAL VALUE Why does it matter - the evidence
50% reported profit; 26% broke even 52% grew turnover in past 12 months Start-ups: 49% set up in last 5 years 41% grew workforce in last year 14% export 59% introduced new product/service 31% in top 20% most deprived communities 59% actively employ people disadvantaged from labour market; for 16%, this is more than 50% workforce 40% led by women; 31% BAME Director, 40% Director with disability Average pay ratio 3.6:1 73% involve beneficiaries in decision-making SOCIAL VALUE

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14 0% 41% Up to 10% 19% Between 11% and 50% 23% Between 51% and 100% 16%

15 Together with our members we are the voice for social enterprise.
We believe that social enterprise is our best chance of creating a fairer world and protecting the planet. Join us. @SocialEnt_UK @nicktemple1


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