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Dave Thornett Social Enterprise

Dave Thornett Social Enterprise.

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Dave Thornett Social Enterprise

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  1. Dave Thornett Social Enterprise www.sheffield.ac.uk/enterprise

  2. The term Social Enterprise describes an ethical framework rather than being an industrial classification such as manufacturing and so there are social enterprises operating in the fields of health, retail, energy, leisure, construction, ICT, sport and many others, alongside private and public sector organisations. The Government definition of 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 profits for shareholders and owners” www.sheffield.ac.uk/enterprise

  3. Creating Social Change1844: As a result of exploitative factory owners and shopkeepers who charged extortionate prices, 28 working men in Rochdale scraped together £28 to open their own shop – so heralding the beginning of the modern co-op movement.1980s: ‘Community development’ became well established with a range of government grants and initiatives.Recent years: growth of community enterprise, where businesses have evolved in poor and disadvantaged areas with the specific aim of improving the economic fortunes of their neighbourhoods. The voluntary sector, too, has become more innovative and enterprising. 1990s: ‘Social Enterprise’ had become familiar in the UK. This signalled the shift from grant dependency to income generation. In October 2001 the government launched the Social Enterprise Unit to champion social enterprise and spread good practice. www.sheffield.ac.uk/enterprise

  4. Social Enterprise Stats Approx, 55,000 social enterprises Employing 500,000 people Combined turnover of £27 billion Contribute almost 1% of GDP (Social enterprise coalition 2006) www.sheffield.ac.uk/enterprise

  5. www.sheffield.ac.uk/enterprise

  6. Form Follows Function IPS for Community Share Issues (Settle Hydro, George and Dragon Hudswell) Company Limited by Shares for Commercial Joint Venture Company Limited by Guarantee for Trading Subsidiary www.sheffield.ac.uk/enterprise

  7. Whatever the theme or formal legal structure they take social enterprises are bound by common principles such as: Social mission is interwoven in the fabric of the business rather than being an add-on. For example his may manifest itself in a fair trade relationship, the provision of important services not otherwise available or job creation. Social ownership and interest should drive the business model rather than simply profitability for private shareholders. There are some legal models that allow private shareholding, but dividends and returns are capped to ensure the community benefit remains dominant over private profit. www.sheffield.ac.uk/enterprise

  8. National Policy FrameworkThe Think Smart…Think Voluntary Sector document produced by OGC and the Home Office in June 2004 Right to RequestCommunity Investment Tax ReliefCommunity Interest CompaniesAsset TransferSocial Enterprise Investment Fund www.sheffield.ac.uk/enterprise

  9. Rise of the Social Entrepreneur Jeff Skoll E-bay to Skoll Foundation Muhammad Yunus Banker and economist to Grameen Bank Dr. Larry Brilliant Google to Urgent Threat Foundation (via eradicating smallpox) www.sheffield.ac.uk/enterprise

  10. Case Studies1SOAR BuildMotivationEmployment, local control, income, qualityOwnershipShare capital private/social joint ventureImpactJobs Created, input to HMR, links to private sectorFutureLink to mainstream employment programmes,geographic expansion www.sheffield.ac.uk/enterprise

  11. Case Studies 2Bay BroadbandMotivationInternet access for the villageOwnershipMutually owned by local peopleImpactCheap broadband, real connectivity, reinvestmentFutureRegional network, sell model on, invest in new services www.sheffield.ac.uk/enterprise

  12. Case Study 3Fresh PasturesMotivationEmployment, drive from local authorityOwnershipShare capital community interest companyImpactEmployment for people with disabilities (25% workforce) business turning over £5m in year 3. Strong SROIFutureIncrease employment, supply to new areas, support local dairies www.sheffield.ac.uk/enterprise

  13. www.sheffield.ac.uk/enterprise

  14. www.sheffield.ac.uk/enterprise

  15. www.sheffield.ac.uk/enterprise

  16. www.sheffield.ac.uk/enterprise

  17. www.sheffield.ac.uk/enterprise

  18. Social Investment Houses Yorkshire Key FundCharity Bank Social Enterprise Investment FundCommunity BuildersAdventure Capital FundUnity Trust BankTriodos Bank www.sheffield.ac.uk/enterprise

  19. www.sheffield.ac.uk/enterprise

  20. Companies House www.companieshouse.gov.uk Co-operatives UK www.cooperatives-uk.coop Governance Hub www.governancehub.org.uk CICs www.cicregulator.gov.uk Charity Commission www.charities-commission.gov.uk Social Enterprise Coalition www.socialenterprise.org.uk Social Enterprise Yorkshire and Humber www.seyh.org.uk Business Link Yorkshire www.businesslinkyorkshire.co.uk www.sheffield.ac.uk/enterprise

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