Category Archives: Community Economics

The size of UK Social Enterprise in 2018?

Hidden Revolution, social enterprise - cover image and web link

View, print or download this SocEnt UK report here…pdf

The answer?

  • 100,000 SocEnt businesses
  • 2 million employees
  • Generating £60 billion of UK GDP

Source: Hidden Revolution – Size and Scale and Social Enterprise in 2018

A report by Social Enterprise UK

Perhaps no more words are needed…well maybe not!

  • 12% of social enterprises are led by someone from the BAME community.
  • 50% of social enterprises have developed a new product or service in the last 12 months.

Taking our sector mainstream?

We are mainstream!

 

UK Social Enterprise Awards 2018 – nominees list

The nominations list for the 2018 UK Social Enterprise Awards have just been published.

SEUK - button image and web link
Discover more of SEUK here…

What a cavalcade of fantastic projects, across many impact themes, and a wide geographical spread. The list itself is evidence alone of a thriving, multi-dimensional social enterprise topography in the UK.

Read more about the awards at SEUK here.

Can you see a social enterprise or community change organisation in your area?

Category 1 – UK Social Enterprise of the Year (Sponsored by NatWest)

Auticon

Cafe Direct

Change Please

Point and Sandwick Power/Trust

School Space

Big Lemon

Hertfordshire Independent Living

Wildhearts Group

Allied Health Professionals Suffolk

Category 2 – One to Watch (Sponsored by GLL)

Revival Whitstable – Mind In Bexley Ltd

The Bread And Butter Thing

Minds Ahead

Hey Girls

FamilyCarersNet

The Integrate Agency CIC

Category 3 – Prove It: Social Impact (Sponsored by Employers for Childcare)

Company Shop

Recycling lives

Sharp Futures

Winter comfort for the homeless

Ealing Community Transport (ECT Charity)

Category 4 – ’Buy Social’ – Market Builder (Sponsored by PwC)

Amey

Hackney Co-operative Developments CIC

London Borough Of Tower Hamlets

The University Of Northampton

Category 5 – Social Investment Deal of the Year (Sponsored by Big Society Capital)

Resonance

Social And Sustainable Capital

Clearlyso

Business Enterprise Fund

SharpFutures

Category 6 – Health & Social Care Social Enterprise

Hertfordshire Independent Living Service

East Coast Community Healthcare

Designs in Mind

Baby Lifeline Training

Smile Together Dental CIC

Category 7 – Consumer Facing Social Enterprise (Sponsored by Co-op Group)

Birdsong

Cafédirect

Clarity Employment For Blind People

Fair For You Enterprise Cic

From Babies With Love

Juta Shoes

Madlug Cic

Miss Macaroon

Stand4 Socks

Toast Ale

Category 8 – Education, Training & Jobs Social Enterprise

Alive And Kicking

Enabling Enterprise

The Growth Company

The Hoxby Collective

Civil Aviation Authority (CAA) International

SharpFutures

Category 9 – Environmental Social Enterprise (Sponsored by Landmarc)

Camara Education

Energise Barnsley

Low Carbon Hub

The Skill Mill

The Bread And Butter Thing

Stand4 Socks

Category 10 – Tech for Good: Technology Social Enterprise (Sponsored by Linklaters)

Anglian Community Enterprise (ACE) CIC

Harley Therapy Ltd

Integrated Care 24

Meetwo Education Ltd

NOW Group

Viarama CIC

Category 11 – Women in Social Enterprise (Sponsored by Santander)

Sue Black

Tracey Bush

Rosie Ginday

Elaine Lilley

Marie Marin

Rose Marley

Amma Mensah

Liz Tapner

Category 12 – International Impact (Sponsored by British Council)

Cafe Direct

Skillmill

Camara Education

From Babies With Love

Civil Aviation Authority (CAA) International

Category 13 – Transformative Community Business

BH Live

Choice Housing Ireland

Coast And Vale Community Action

Company Shop

The Exchange Creative Community Cic

Made In Hackney

Category 14 – Employee Engagement

CDS CIC

East Coast Community Healthcare

Halo Leisure

Care Plus Groupk in the judging and award making process!

EBP

Congratulations to everyone, organisation and individual, on the nominations list. We wish you all the very best of luck in the judging and award making process.

Starting your social enterprise?

Social Enterprise UK, with the support of generous sponsorship by NatWest Bank, have just published their ‘Start Your Social Enterprise’ booklet.

This is a great primer on social enterprise, clearly laid out and packed with information for those of you about to start your SocEnt journey.

Start Your Social Enterprise cover image and web link
See more here – pdf

You can view, print or download a copy of this publication here (pdf).

The chapters include sections on Mission, Market and Money, as well as Marketing and Branding and the all important Business Plan.

There is also a very clear grid format page which illustrates the choices of good governance you can pursue, in order to control and support your Social Enterprise ambitions as a community.

We particularly liked the SEUK section on Looking After Yourself.

It is easy, in the whirl of excitement and drive to make things happen to forget about individual well-being in pursuit of the goal. We have repeated the sensible advice below…

”Pay yourself properly – as soon as is practically possible, pay
yourself properly; some social entrepreneurs pay other people
first in the organisation, but everyone needs to live…

Find a mentor – a mentor is someone independent outside your organisation
to talk to who can provide advice and support to you; organisations like
UnLtd and the School for Social Entrepreneurs will often link you to mentors
as part of their support, but you may be able to identify your own…

Be part of networks – there are lots of local, regional and national groups and
networks for social enterprises, from national bodies like Social Enterprise UK
to the Social Enterprise Places across the country to local and regional networks
like SELNET in Lancashire or SEEE in the East of England; they will often run
events, send newsletters with information, and provide connections to others. (…and SocEntEastMids too…Ed).

Don’t neglect family and friends – take time out, spend time with
the people you like and love, and you will be better refreshed, more
focused and more productive when you return to the enterprise…

Keep learning – this is a fast-moving world, and there are new developments,
opportunities and information to find out about; events and newsletters can
help with this, as can podcasts or books on business and social enterprise…”

Source: Social Enterprise UK, Start your social enterprise, p.13   Accessed 02.08.2017

A useful addition to your armoury when building your community business to effect change.

We recommend it as a great starting point for changing the world, or even a bit of it in the immediate vicinity at first!


If the SocEntEastMids team can help you reflect on your start- up plans, you can contact us here. You can find our enterprise and support philosophy here.

Happy Christmas and a prosperous New Year!

 

The very best 2018 possible for all your enterprise…

£5.5m Northern Impact Fund launches for social enterprises

 

Imaginaitive with funding, secure in it’s mission for social enterprise – The Key Fund…

Key Fund, a long-standing investor in community and social enterprises, is delivering the Northern Impact Fund, aimed at new and early stage enterprises who are seeking finance to support growth.

Matt Smith, CEO of the Key Fund, said: “With this fund we’re offering finance of up to £150k, but typical investments will be around £50k, with up to 20% of the amount available as grant. The Key Fund was one of the early pioneers in this space, and our original model was based on a grant and loan mix, so we’re really excited to be going back to that original model. It’s long been our belief that grants can play a very important role in helping new and smaller social enterprise become more robust.”

Source: The Key Fund web site – thekeyfund.co.uk  Accessed 25.09.2016

A new blended grant and loan fund, the Key Fund package looks to secure sector deals in the £5,000 to £150,000 range. Applications are accepted from across the North and Midlands, with the Fund looking to realise 46 deals a year.

At a flat rate of 6.5% interest, the average loan term secured is expected to be three years.

Interested in business development on these terms, as a social/community enterprise.  See the links below…

Find a full copy/Press Release about the new fund here

Find a full grant/investment profile for the new Fund on-line here

Think Enterprise!

A new magazine, Think Enterprise, from the IOEE.

‘The Institute of Enterprise and Entrepreneurs has been over 15 years in the making and exists to make sure that all those involved in enterprise are able to access the support they need, when they need it’.

Whether your interest lies in tracking SFEDI Centres of Excellence or in developing apprenticeships and wider learning in business, then Think Enterprise has something of interest for you.

Be sure to check out pages 16 & 17, with their 2016 Enterprise Awards almost upon us, if only to read of the developmental success of others can in itself an inspiring and confidence building thing as you grow your own business, whatever sector you are in.

You can find the IOEE on-line here.

Social Saturday – coming in October

Social Saturday Badge - image
Find out more…

Will you be ready for Social Saturday this year again? A date for your diary, 15th October 2016.

A whole day dedicated to the promotion of, awareness raising about and the engagement with new customers, clients and service users.

Get your Social Enterprise in full broadcast mode with the readily downloadable Media Pack from the Social Saturday web pages. A great resource.

Check our the ideas for promotion, templates for everything from press releases to a letter to your MP or elected members to give  your enterprise a boost, support Social Saturday in 2016.  Celebrate the work of your community with invited guests. Makes great copy!

emailIconMiniYou can always support the team at Social Saturday and add interest to your own energetic promotion by emailing news of your events or occasions to socialsaturday@socialenterprise.org.uk

Give your enterprise a boost, support Social Saturday in 2016.

Finance Innovation – the film

The Finance Innovation Lab have just launched a short film that nicely encapsulates their work, featuring the collaborative, facilitative and encouragement of change aspects of their work.

  • The Finance Innovation Lab seeks to help create alternative business models in the the finance sector.
  • It is a movement for advocacy, promoting financial sectoral change to key actors.
  • They also work to effect ‘change from within’, campaigning for the re-alignment of finance professions to a more equitable and fair model.

The Lab web site has an inciteful article, written by Angela Clements, founder of Fair For You. It shows the journey that a finance sector principal can be driven to follow, when the inequity of access to mainstream credit, for example, makes even more difficult the life of an economically disenfranchised family.

If you’re a full-on corporate banker, do watch the fim and explore the Finance Innovation Lab web pages. You might even turn a corner yourself!