- A Level
Last updated 22 Mar 2021
Social enterprises have grown in importance for the British economy in recent years.
What are social enterprises?
- A social enterprise is a business created to address a social problem
- Profits are reinvested for one or more social purposes in the community, rather than the need to satisfy investors
- In 2013, research found that there were 70,000 social enterprises in the UK contributing over £18bn to the economy and employing almost 1m people.
- Examples include Jamie Oliver’s Fifteen restaurant chain and The Big Issue magazine