A social enterprise is a business with primarily social objectives whose surpluses from trading (i.e. selling services or managing contracts) are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.
The Office of the Third Sector describes the range of options available “They can come in many shapes and sizes, from community-owned village shops to large development trusts, and in many legal forms, including community interest companies, industrial and provident societies and companies limited by guarantee, among others.”
Many voluntary and community groups often undertake social enterprise activity, ie trading or selling services, as part of what they do, if it is allowed for under their constitution.
If you are a social entrepreneur or are involved in developing a social enterprise, Bradford Kickstart local enterprise coaches, based throughout the District, can provide guidance with:
Telephone 0800 953 9503