We work with a lot of social enterprises and we are a big supporter of the social enterprise market.
We believe in it, because we are sure that businesses with joint social and profit goals can make a massive difference. However, as moves come in to encourage public bodies to engage more with social enterprises, and businesses become more aware of them, we seem to be getting increasingly hung up on structure as a definition of what a social enterprise is. We are aware of a number of businesses who are Ltd companies, who have social goals, which they deliver, measure and report on (we are one ourselves).
And in some cases these businesses are delivering high levels of social value and reinvesting more profits into their social mission than comparable social enterprises. We’d love to see a move to asses “Social” based on outcome, not structure, we’ve recently heard of a number of cases of high social value generating businesses being excluded from tenders and other opportunities just on the basis of their legal structure. What do you think? Should we be concerned with outcomes, or does it also matter what structure an organisation chooses?
Blog by Isla….
Posted by Rachel Warhurst | 1 comments