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Useful Info - Social Enterprise, Community Enterprise, Co-operatives South West
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What is social enterprise?

"Social enterprises are businesses that trade to tackle social problems, improve communities, people's life chances, or the environment. They make their money from selling goods or 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, 2015

TIP #3
"A mix of income streams will ensure financial viability"

Check out how Jane worked with Pembrokeshire Tourism

There are many great reasons to be involved with social enterprise:

  • They are owned and managed by local people, generally for the benefit of the wider community
  • Profits are made for the public interest, rather than for private gain
  • Sometimes they are set up to provide a valuable service or product which may not be a viable option for a commercial operator
  • There can be some tax advantages depending on their legal structure e.g. rate relief for charities
  • Social enterprises may be able to raise finance from a range of sources including grant-giving trusts and crowd funding

Social enterprises take many forms, and operate across all business sectors.

According to ONS (2012), there are at least 70,000 social enterprises in the UK, employing almost a million people and contributing £18.5 million to the UK economy.

A range of resources are available to support social enterprise:

consultancy.coop
www.consultancy.coop
Third Sector co-operative consultancy operating across Wales.

Plunkett Foundation
www.plunkett.co.uk 
Campaigning for rural social enterprise and co-operation worldwide.

Wales Co-operative Centre
www.walescooperative.org
Social enterprise and co-operative development agency for Wales.

Social Enterprise UK
www.socialenterprise.org.uk
National agency for social enterprise policy and research.

Co-operatives UK
www.uk.coop

Representing all forms of co-operatives across the UK.

Business Wales
www.business.wales.gov.uk
Government service for starting your business in Wales, with information on social enterprise. Includes Social Business Wales.

Other sources of support in Wales