Social Enterprise: creating social value Nick Temple Deputy CEO

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

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

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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Social Enterprise UK Building markets for members and movement .

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

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

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. www.socialenterprise.org.uk @SocialEnt_UK @nicktemple1