Social enterprises ploughed over a billion pounds into their social and environmental objectives last year. They make a vital contribution to the UK's economy, society and natural environment, as Dean Hochlaf describes today.
An estimated 131,000 social enterprises in the UK collectively turn over £78 billion, representing over 3% of GDP. Many operate in the most deprived areas of the UK. They employ around 2.3 million people and made £1.2 billion in profit in the last financial year, reinvesting over a billion pounds of that into their environmental and social missions.
The figures come from Social Enterprise UK's 'Mission Critical – State of Social Enterprise Survey 2023' and Dean also covers access to appropriate, patient, long-term funding; procurement and ensuring social enterprises' social value is well-recognised; and visibility among consumers and in private sector supply chains.
Also in this episode: new funding opportunities for businesses, social enterprises, charities, universities and arts organisations. Timings:
- 0-1:40 Introduction
- 1:40 Interview with Dean Hochlaf, Social Enterprise UK. Read SEUK's full report here: https://www.socialenterprise.org.uk/seuk-report/mission-critical-state-of-social-enterprise-survey-2023/
- 12:03 The Department for Energy Security and Net Zero (DESNZ) and the Department for Science, Innovation and Technology (DSIT) are developing a joint VCSE action plan; they say it will identify and seek to address the barriers facing VCSE organisations in bidding and winning government contracts and grants. If you are from a voluntary, community and social enterprise (VCSE) organisation and have comments on this please take part in their short survey.
- 14:25 Events in Sheffield including Christmas makers' markets; the Millennium Gallery's Handmade for Christmas shop.
- 15:33 The City of Rivers exhibition at Weston Park museum showcasing Sheffield's relationship with its rivers (there was a super article in the Sheffield Tribune this week too)
- 16:38 Grants and funding opportunities for businesses and social enterprises:
- For small and medium-sized businesses (SMEs) in South Yorkshire: The UK Shared Prosperity Fund Business Productivity and Digitisation Grant Scheme – Digital Innovation Grants of between between £2,500 and £5,000 and Productivity Grants of between £2,500 and £12,499 . Applications will be approved on a first come, first served basis until no more grants or support are available. Details: https://www.sheffield.gov.uk/business/business-productivity-and-digitisation-grant-scheme
- The Sheffield Creative Communities Fund is offering Sheffield-based arts, cultural and heritage organisations to deliver creative programmes of outreach, engagement and participation . Grants can be between a minimum of £10,000 and maximum £30,000. Deadline for applications Tuesday 9 January 2024, midday. Details: https://www.sitegallery.org/creativecommunities
- Electric vehicle infrastructure grant for staff and fleets. This one is for small and medium-sized businesses (SMEs) and gives you money off the cost of wider building and installation work that’s needed to install multiple chargepoint sockets (eg wiring and posts). The grant covers 75% of the cost of the work, up to a maximum of £15,000. Open for applications now; details https://find-government-grants.service.gov.uk/grants/electric-vehicle-infrastructure-grant-for-staff-and-fleets-1#summary
- The Youth Music NextGen Fund, which offers grants of up to £2,500 for early-stage musicians and wider music adjacent creatives; aimed at those whose lack of finance holds them back from pursuing their goals. It's