Enterprising communities – growing local social enterprises
BAVO provides practical support to third sector organisations to help them become more sustainable, generate new income and successfully bid to deliver public services. A wide range of organisations have received guidance, support and sign-posting information in the areas of governance including advice in the areas of legal structures, policy development, funding, partnership working and tendering.
Organisations have also benefited from awareness sessions and advice on setting up a social enterprise as well as workshops in the areas of roles and responsibilities of trustees, developing a funding strategy and advice on the various types of legal structures that are available to social enterprise type projects and activities.
What is a social enterprise?
Social enterprises channel their business energy into achieving wider social objectives. In so doing, they can tackle social exclusion and regenerate deprived communities. Social and environmental objectives are the very reason that social enterprises exist. A social enterprise is a business with primarily social objectives whose surpluses 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.
Social enterprises tackle a wide range of social and environmental issues. Crucially, social enterprises also compete in the market place like any other business, using their business skills to achieve social aims. Like any other business, social enterprises aim to sustain their business and make profits (surpluses) – it is what they do with these profits that makes them different.
The social economy is a wider concept and includes the many and varied organisations that work outside the private sector and the public sector. It includes voluntary organisations, community groups, self-help groups, community co-operatives and enterprises, religious organisations and other not for profit distribution organisations of benefit to the communities and the people of Wales.
Social Economy and Enterprise Network – third sector (SEEN3) >>
Social enterprise case conferencing >>
Sources of support and information >>