This document summarizes UK social enterprise policy. It notes that there are at least 55,000 social enterprises in the UK contributing £8.4 billion to GDP. The UK government is interested in social enterprises because they can help tackle social and environmental challenges, increase enterprise, and support public service reform. The document outlines the government's policies to foster social enterprises through improving advice and access to finance, and enabling them to work with the government. It also discusses challenges in developing the social enterprise sector.
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A presentation by the deputy director for innovation policy, Mr. Fergus Harradence @ a talk organized by the Entrepreneurs Interactive Society, Imperial Business School
The role of Government in the Social EconomyOECD CFE
The capacity building seminar will gather the main stakeholders who are concerned with building conducive ecosystems for social enterprises: policy makers and administrators, networks of social enterprises and social economy actors, social finance players.
UCC College of Science, Engineering and Food Science Annual Lecture Series. February 2012. Re-imagining Irish Innovation Policy: Reclaiming Innovation for Business
Copy of presentation from Finance in Cornwall 2011 hosted by Winter Rule on 19 May 2011. This seminar provides a quickstep guide to the finance and support available to SMEs in Cornwall.
Political Trends, a copy of the presentation delivered by David Thorp, Head of Research, The Chartered Institute of Marketing from the CIM East of England Summer Marketing Conference held on 9 June 2011 at ARU, Chelmsford
2. A Social Enterprise is …
A business with primarily social objectives
whose surpluses are principally reinvested for
that purpose in the business Newlife construction
provides employment
and training to the
long-term unemployed
or in the community, and school leavers.
rather than being driven
by the need to maximise
profit for shareholders and owners.
3. Key facts – SE Sector in the UK
At least 55,000 social enterprises in the UK*
£8.4bn (€9.4bn) contribution to the UK’s GDP*
650,000 employees*
162 existing and emerging social firms (type of WISE)
4,735 Co-operative enterprises
2,500 Community Interest Companies
*Annual Small Business Survey, 2005
5. Why UK Government is interested…
Tackling social and environmental challenges
Increasing levels of enterprise
Ethical markets
Public service reform
6. The challenges…
Awareness and understanding of social enterprise
Building the evidence base: facts and figures
Accessing the right information and advice
Access to appropriate finance
Working with government
7. History of SE Policy in the UK
“Creating an environment for social enterprise to thrive”
Sector Legal Action Action
SE Unit Strategy OTS
body form Plan plan
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
www.cabinetoffice.gov.uk/thirdsector
8. Office of the Third Sector
Local
Business Kevin Brennan
govt
Minister for the
Third Sector
No. 10 HMT
• Dedicated Minister
Cabinet
• Situated in the Cabinet Office
Office • 57 people
• £515m (€580m) 2008–11
Health Justice
OTS
9. UK Government policy
1. Fostering a culture of social enterprise
2. Improving advice and information for start up
and growth
3. Improving access to finance and new types of
investors
4. Enabling social enterprise to work with
government
10. Fostering a culture of Social Enterprise
Social Enterprise in the School Curriculum
Help the sector to market itself better
Third Sector Research Centre
Enabling the sector to articulate social value
(SROI)
11. Advice and Information
£6m (€6.7m) for business support
£6m (€6.7m) for capacity building of specialist advice
and support
£8m (€9m) for modernisation support during the
recession
12. Access to Finance
Futurebuilders: up to £215m (€242m) loan/grant for
capacity building to deliver public services
Up to £10m (€11.2m) risk capital fund
Social Investment Wholesaler
Review of incentives for investment in social enterprise
Financial awareness training
13. Working with Government
Action research to identify where social
enterprise can help meet policy objectives
Health
Community engagement,
Enterprise support in deprived areas
Working with offenders
Strategic partnership programme
14. Cross UK Government activity
Health
£100m (€112m) fund for SEs operating in
health & social care
‘right to request’ for public sector workers to
“spin out”
Young people
Youth Sector Development Fund - £100million
Enterprise
Lord Mandelson: SEs can access SME
support
Joint summit with Cabinet Office to identify
growth strategies for social enterprise
15. Challenges at a European level
Clarification of rules and protocols affecting social
enterprises
(e.g. state aid, social clauses, social value)
Networking and knowledge-sharing between
Member States
Inclusion of SEs in SME policy
SE place within response to global recession