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Nearly half (47%) of social enterprises in the UK have reported an increase in turnover in the last twelve months, in contrast to a 34% national average.

The Future of Business: State of Social Enterprise Survey 2017 produced by Social Enterprise UK also revealed that 25% of social enterprises are less than three years old, illustrating an increasing trend for start-ups to opt for a social enterprise business model. The figure is three times the UK average, with only 8% of all SMEs operating as a social enterprise.

Social enterprises in the UK are also leading the way for gender equality. Over half of all social enterprises have a majority female staff (51%) and 41% are led by women – significantly higher than the national average. In addition, the report found social enterprises represented more diverse leadership than traditional businesses, with 36% having a director with a disability, 34% having a BAME director and 12% being BAME led.

Commenting on the launch of the report, SEUK Chair Lord Victor Adebowale said, “Social enterprises show us what the future of business can look like. These are credible businesses, competing in the open market but set up in a way that addresses some of the biggest issues we face. They are showing traditional businesses how social impact and profit can go hand in hand. If we’re to meet the challenges and uncertainties of the coming years, we should look to the social enterprise model for inspiration and guidance on how we can create an economy that works for everyone.”

You can view the full report here.

 


 

Social entrepreneurs more profitable than their counterparts
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