Tony Curtis The Social Investment Business

Challenges Loss of social capital Financial Undercapitalisation

One Solution? Social Enterprise - which can develop social and financial capital for community benefit

Social Enterprises Are businesses selling goods and services Are run for social and environmental purposes. Profits are reinvested for community/social benefit.

Social Enterprise UKNorth East No. Of SEs 55,000*1,500 Turnover£27 billion*£600 million Jobs210,0006,500 * Source - National Social Enterprise Action Plan 2006

Social Enterprise in the Third Sector Social Enterprises, Co-ops, Mutuals Community Groups Voluntary Organisations

The State of Social Enterprise Survey 2009 shows that social enterprises are recession-busters SEs are growing despite the recession, with 56% of social enterprises increasing turnover from last year compared with only 28% of other SME's twice as many social enterprises (48%) are confident of future growth compared with 24% of typical SMEs

Social Enterprises play a key role in the provision of public services Over a third of a sample group of social enterprises earned at least 50% of their income from contracts with local councils

Social Enterprises encourage female entrepreneurship 41% of SE board members are female compared with just 12% in FTSE 100 listed companies 26% of SEs are 'women-led' compared to 14% of other SMEs

Examples Berwick Community Trust Real Food Works Hartlepool People’s Centre

The Social Investment Business Our mission is to help the Third Sector do more of what it does best, supporting people and communities most in need