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Income Generation through Social Enterprise the Key to Sustainability

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Title: Income Generation through Social Enterprise the Key to Sustainability


1
Income Generation through Social Enterprise the
Key to Sustainability?
  • Funding in Tough Times conference
  • Lesley Miller, Director of Business Services, SEL
  • 25th June 2009

2
Overview
  • About SEL and social enterprise
  • How social enterprises work
  • Benefits and challenges
  • Some examples

3
Who are we at SEL?
  • London regions strategic coordinating body for
    social enterprise
  • Our aim is to increase the number of social
    enterprises in London while contributing to the
    development of a vibrant and dynamic social
    enterprise community

4
Common Characteristics
Overview of the social economy
Collection of organisations between the
traditional private sector and the public sector
(known as the Third Sector)
Social Economy
Socially Resp.Business
Social Enterprise
Private Sector
Gov.
Charity Voluntary Sector
5
Definition
  • A new umbrella term for an activity that goes
    back 160 years to the birth of co-operatives in
    Rochdale
  • a concept not a legal entity
  • 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 (DBERR)

6
Characteristics
  • Organisation with explicit social aim
  • Income derived from the sale of goods or services
  • Profit is for activities supporting social aim
    i.e. reinvestment, funding of social programmes,
    or profit-sharing (co-operative members)
  • Alternative business model with multiple bottom
    lines ie. combines financial sustainability with
    social / environmental missions

7
What do social enterprises do?
8
Some organisational types
  • Development Trust
  • Co-operative
  • Credit Union
  • Social Firm
  • Intermediate Labour Market
  • Trading arm of charities

9
Routes into social enterprise
  • Social enterprises emerge from a variety of
    sources, for example
  • Voluntary sector organisations
  • Organisations borne out of project based work
    from government single-use funding
  • Spin-outs from the public sector
  • Private individuals

10
Income options for social enterprises
  • Fees/prices for products or services
  • Contracts with public and private sector
    organisations
  • Asset utilisation
  • Loans, grants and equity

11
Some benefits of social enterprise
  • Flexible and innovative business model
  • Diversification and control of revenue sources
    offers potential for enhanced sustainability
  • Independent revenue offers ability for
    organisation to follow strategic vision rather
    than funding outcomes
  • Can deliver services and activities that may not
    otherwise have been provided
  • Often addresses local needs with local
    participation and offers employment opportunities
    for beneficiaries

12
Challenges
  • Balancing social aims with financial objectives
  • Balancing stakeholder needs
  • Cultural change
  • Understanding of procurement procedure reaching
    the buyers
  • Impact measurement - proving value
  • Seed funding

13
Social enterprise development
  • Research evidence of need
  • Skills, knowledge capacity planning
  • Governance appropriate legal structure
  • Operational management
  • Financial management
  • Risk analysis
  • Marketing plan

14
Greenwich Leisure
Core Arts
GLL is an innovative staff led Leisure Trust,
structured as an Industrial and Provident
Society, which manages more than sixty five
public leisure centres within the M25 area. 
15
Core Arts
Core Arts
Began as a group of patients and an artist in
1990 in Hackney Hospital became registered as a
CLG with charitable status in 1994. It exists to
promote freely and without prejudice, the
artistic and creative abilities of people who
experience severe and enduring mental health
problems
16
Fifteen
The purpose of Fifteen is to inspire
disadvantaged young people to believe that they
can create for themselves a career in the
restaurant business
17
Age Concern
Core Arts
The mission of Age Concern is to promote the
well-being of all older people and to help make
later life a fulfilling and enjoyable experience.
Their trading arm provides products and services
for older people, such as insurance, books,
training, funeral plans, and energy.
18
So, to wrap it up.
  • Social Enterprise is a path to business creation
    with values
  • Empowering process
  • Hard work but with great rewards

19
Address Third Floor, Downstream Building, 1
London Bridge, London SE1 9BG Tel 020 7022
1920 Fax 020 7022 1921 E-mail
lesley_at_sel.org.uk www.sel.org.uk www.shopsocialen
terprise.com
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