What is a social enterprise?
There is no UK-wide, legal definition of a social enterprise and there are many nuanced definitions available. One of the most widely accepted is the Government definition:
"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."
A progress report on Social Enterprise: a strategy for success. Department of Trade and Industry, October (2003).
ESSENCE supports social enterprises and organisations with social purpose in and around Exeter. We say they are 'businesses with heart' and we want to recognise their efforts and contributions.
Social Enterprise Place is a national initiative set up by Social Enterprise UK, which aims to recognise and celebrate social enterprise activity and award areas of outstanding activity, with Social Enterprise Place Status.
There are already 8 established Social Enterprise Places in the UK including Bristol, Plymouth and Cornwall and the Isles of Scilly.
An exciting collaboration between ESSENCE, Corkscrew and RSA South West has marked the beginning of Exeter’s journey to join them and become a Social Enterprise City!
Why are we applying to become a Social Enterprise Place?
Having Social Enterprise Place status would be of huge benefit to the city of Exeter, not only for social enterprises and organisations with social purpose, but also for local people and businesses.
To find out more watch our exclusive interviews with local proposal supporters.