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Social Enterprise – a government definition
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Social enterprises are businesses 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.
Social enterprises tackle a wide range of social and environmental issues and
operate in all parts of the economy. By using business solutions to achieve public
good, the Government believes that social enterprises have a distinct and valuable
role to play in helping create a strong, sustainable and socially inclusive economy.
http://www.dti.gov.uk/socialenterprise/index.htm |
| The Social Enterprise Unit |
The role of the Social Enterprise Unit (SEnU) is to:
· act as a focal point and co-ordinator for policy making affecting social
enterprise;
· promote and champion social enterprise;
· take action needed to address barriers to growth of social enterprises;
and
· identify and spread good practice.
The Unit was launched on 9 October 2001 by the Secretary of State for
Trade and Industry, Rt Hon Patricia Hewitt MP, at a seminar hosted by
the then Minister with responsibility for social enterprise, Douglas
Alexander MP, and attended by key stakeholders in the sector. Stephen
Timms MP is now the Minister responsible for social enterprise.
http://www.dti.gov.uk/cics/
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| COMMUNITY INTEREST COMPANIES (CICs) |
| The Community Interest Company
(CIC) will be a new type of company, designed for social enterprises who want to use
their profits and assets for the public good. CICs will be easy to set
up, with all the flexibility and certainty of the company form, but with
some special features to ensure they are working for the benefit of the
community. CICs will report to an independent regulator on how they are
delivering for the community and how they are involving their stakeholders
in their activities. |