What is Social Enterprise?
There are a variety of definitions for Social Enterprise but The Department of Trade & Industry descibe it as: “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 the shareholders or owners.”
Addressing social or environmental need
Social enterprises are businesses which exist to address social or environmental need. Rather than maximising profit for shareholders or owners, profits are reinvested into the community or back into the business. It’s this which makes social enterprise the most exciting and inspiring business movement in the world.
Social Entrepreneurs are born out of the desire to improve the world and make it a better place. They may see problems in their community and undertake activity to solve it. A social enterprise simply delivers this solution and vision. As a University of Manchester staff member or academic you may see an issue on campus, in your local community or further afield that you want to solve.