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Community Responses to Today’s Challenges

Community Responses to Today’s Challenges . Tony Curtis The Social Investment Business. Challenges. Loss of social capital Financial Undercapitalisation . One Solution?. Social Enterprise - which can develop social and financial capital for community benefit.

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Community Responses to Today’s Challenges

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  1. Community Responses to Today’s Challenges Tony Curtis The Social Investment Business

  2. Challenges • Loss of social capital • Financial Undercapitalisation

  3. One Solution? Social Enterprise - which can develop social and financial capital for community benefit

  4. Social Enterprises • Are businesses selling goods and services • Are run for social and environmental purposes. • Profits are reinvested for community/social benefit.

  5. Social Enterprise * Source - National Social Enterprise Action Plan 2006

  6. Social Enterprise in the Third Sector Social Enterprises, Co-ops, Mutuals CommunityGroups Voluntary Organisations

  7. The State of Social Enterprise Survey 2009 shows that social enterprises are recession-busters • SEs are growing despite the recession, with 56% of social enterprises increasing turnover from last year compared with only 28% of other SME's • twice as many social enterprises (48%) are confident of future growth compared with 24% of typical SMEs

  8. Social Enterprisesplay a key role in the provision of public servicesOver a third of a sample group of social enterprises earned at least 50% of their income from contracts with local councils

  9. Social Enterprisesencourage female entrepreneurship • 41% of SE board members are female compared with just 12% in FTSE 100 listed companies • 26% of SEs are 'women-led' compared to 14% of other SMEs

  10. Examples • Berwick Community Trust • Real Food Works • Hartlepool People’s Centre

  11. The Social Investment BusinessOur mission is to help the Third Sector do more of what it does best, supporting people and communities most in need

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