What are Social Enterprises?
A Social Enterprise is a business with primarily social or environmental objectives. Like private business they raise income by selling services or supplying goods. Profits are principally reinvested to meet their objectives, with surpluses being returned to the business or the community it serves rather than being used to maximise profit and owner of shareholder value.
There are at least 55,000 social enterprises in the UK generating more than £27 billion turnover. Wales has about 600 organisations with a turnover of £158 million, employing some 3,000 people. In Pembrokeshire we have over 30 Social Enterprises. Well know British Social Enterprises include Big Issue, Oxfam and the Eden Project.
The term 'social enterprise' does not have a formal legal meaning and is not a formal status with HMRC or other government agency. It is a general description that is applied to may legal forms of organisation including those with charity status.
Pembrokeshire's Social Enterprises
Here in Pembrokeshire there are over 70 social enterprises in the form of community and village halls who reinvest their profits after costs into delivering their social and charitable aims. They trade by hiring out their premises to groups and organisations, many of who are delivering activities which are keeping people engaged and active within their local and wider communities. To find out more take a look at the weblink below.
There are 30 Social Enterprises in Pembrokeshire which raise money by offering a range of services including; day opportunities for adults with learning differences (Clynfyw Care Farm) vocational training (Greenlinks CIC) recycling and training (Pembrokeshire FRAME) Reconnect in Nature CIC (Nature appreciation and therapy), Get the Boys a Lift CIC (Mental health support).
For an up to date list of Pembrokeshire's Social Enterprises please contact Liz Cook at PAVS email email@example.com
Pembrokeshire has its own project assisting new and existing Social Enterprises called Catalysts For Care. The project is running during 2020 to 2021.