1. Investment & Social Enterprise in Wales
Alun Jones
Diaspora Business & Enterprise Accelerator
21st Jan 2017

2. What is a social enterprise?
Social enterprises trade to tackle social problems, improve communities, people's life chances, or the environment. They make their money from selling goods and services in the open market, but they reinvest their profits back into the business or the local community. And so when they profit, society profits.
Social Enterprise UK

3. What is a social enterprise?
What it does
How it does it
What it does with its profit

4. When is an
enterprise
a social
enterprise?

5. Or.......why you don’t want to be a social entrepreneur
Characteristics
Legal Form
Governance
Ownership of assets
Or why you don’t want to be a social entrepreneur

6. Legal Form Which one is best....? Limited by Guarantee
Charitable Incorporated Organisation (CIO)
Community Interest Companies (CIC)
Industrial and Provident Society (IPS) in the form of a Community Benefit Society (BenCom)
Financial Mutuals
Limited by shares where all of the shares are owned by one of the above
Which one is best....?

7. The social entrepreneur is accountable
Governance
Volunteer board
Independent decision making
Regulatory oversight
The social entrepreneur is accountable

8. Ownership of Assets Not for personal gain Dividend restrictions
Asset lock
Not for personal gain

9. And in Return....? Tax breaks – Corporation Tax, Gift Aid, etc.
Rates relief
Access to skilled volunteers
Access to grant funding
Support infrastructure

10. Social Enterprise is NOT
Enterprise-lite
Not for profit
Anti-profit
Corporate social responsibility (CSR)
Any different to commercial enterprise in quality

11. What is social enterprise?
Social enterprises trade to tackle social problems, improve communities, people's life chances, or the environment.
Social Enterprise UK
It’s about making a difference for others – that’s why you want to be a social entrepreneur!

12. Thank you
Contact us at -
@walescva