UK social enterprises are thriving, new report reveals
The State of Social Enterprise Report 2015, supported by Santander, is the result of extensive research into the state of the sector.
Social enterprises in the UK are outperforming mainstream SMEs, and are thriving in this time of significant social and environmental issues. In fact, in terms of turnover, job creation, innovation and optimism, UK social enterprises are at the forefront of the economic recovery.
Social Enterprise UK’s statistics show that 50% of social enterprises report a profit, whilst 26% break even. In terms of job creation, 41% of social enterprises introduced new roles in the past 12 months compared with only 22% of SMEs. Furthermore, 59% of social enterprises employ at least one person who is disadvantaged in the labour market and around 40% have a director with a disability.
The report concludes with the view that social enterprises are changing in nature and are part of the most dynamic, fast moving areas of business in the UK – there’s really never been a better time to get involved in social enterprise and make a positive impact.
Read the report here.
If you want to make a difference and learn more about social enterprise whilst you’re at University, why not work with U Social Venture? A group set up by students with a desire to create change and do good.