Thought Leadership

Last night we celebrated the winners of our UK Social Enterprise Awards at the iconic Roundhouse in London. The Roundhouse has witnessed music history and on 30 November 2023 that same stage was graced by the brightest lights in the social enterprise sector. Across 15 categories, the Awards shone a spotlight on the  innovation and impact of the UK’s diverse social enterprise community, as well as those organisations that support social enterprises develop and grow. The winner of the overall UK Social Enterprise of the Year award was the Isle of Skye Ferry CIC – a social enterprise that owns and operates the last manually operated turntable ferry in existence, running from Glenelg on the Scottish mainland to the Isle of Skye. It connects rural communities, provides training opportunities and creates living wage jobs,  as well as helping to grow the surrounding economy by sourcing goods and services from local businesses. From employing people who are homeless  to nurturing artisan makers and supporting carers to running community laundrettes, all our award winners really showcased the dynamism inherent within the social enterprise movement. View the full list of winners here The Awards ceremony was hosted by comedian, author and TV star Shaparak Khorsandi. Guests also enjoyed performances from a host of social enterprises that use music to empower young people and marginalised communities. Commenting on the Awards, our Chief Executive Peter Holbrook, said: “The last year has been a difficult one for businesses across the UK, and it has been no different for social enterprises. The Awards were a real evening of hope and inspiration and brought home the sheer ingenuity, adaptability and determination of the social enterprise community, which has continued to deliver for the people and communities they work with and support. “The winners include businesses breaking down barriers for groups marginalised in the workforce, organisations at the heart of local economies, and those finding innovative ways to tackle the climate crisis. The ever-growing movement of social enterprise truly represents business at its best. Congratulations to all of our winners.” As well as celebrating the successes of the social enterprise movement, the Awards also used a social enterprise supply chain. Trophies from The Workshop Aberfeldy will not only reward the winners but also support young and disadvantaged people to gain employment, skills and confidence. A fantastic three-course meal was provided by the Clink, a business working in prisons. Social enterprises also provided the refreshments, photography, printing services and event management. The Awards were delivered in partnership with Cwmpas, Social Enterprise Northern Ireland and Social Enterprise Scotland. The Awards were sponsored by:

The latest Barometer in our Social Enterprise Knowledge Centre depicts a sector weathering economic storms, resilient in the face of growing pressures but also showing real signs of strain. Our Barometer reports are published quarterly to provide a snapshot of social enterprise performance across the UK. This latest survey looked into the key issues and trends facing the sector, from reserves and profit making to staff numbers. The proportion of social enterprises that have increased their reserves has gone up in the last quarter, with 33% reporting an increase compared to just 18% in the previous three months. However, 31% reported a decrease in reserves. Profitability levels and the proportion of social enterprises breaking even has dropped by 10% since January, but most respondents managed to at least maintain their profits over the past three months. A positive in this quarter’s report is that the downward trend of social enterprises reporting a reduction in staff has continued, and more social enterprises are starting to grow staff numbers. When asked what the main challenges have been in the last three to six months, more than a quarter cited access to finance as a major issue, with inflation and skills shortages also being identified as major challenges. The picture painted in the November 2023 Barometer is a mixed one – social enterprises are succeeding against the odds, but many are seeing incomes decline and reserves depleted. More needs to be done to support them as they continue drive growth for people and planet. Click here to read the full report

Jeremy Hunt described his Autumn Statement as “the biggest business tax cut in modern British history” by making permanent a tax break that allows businesses to offset investment in machinery, IT and equipment against corporation tax. Although some businesses will welcome this news, it doesn’t help their employees or customers in the spiralling cost of living crisis – and the research and development incentives it promotes have repeatedly failed to deliver the investment and growth our economy needs. The UK has more than 100,000 social enterprises, with missions to support people and planet embedded in their operations. Taxes can be used to encourage this way of working in the wider business world, but corporation tax breaks announced today reflect a system focused on extracting profit above all else. Our chief executive Peter Holbrook CBE said: “It’s disappointing to see the Autumn Statement using tax cuts to reward those who already have wealth and power, instead of creating shared prosperity across our society. Tax should be a policy lever to encourage better business and drive growth for good – not growth at all costs, lining shareholders’ pockets while workers and customers are struggling. ‘Business as usual’ isn’t working anymore, and with a General Election approaching, our next Government must recognise the need for change.”

Charitable social enterprise GLL has signed a new 2-year contract with Bedford Borough Council for the management and operation of leisure facilities and programmes across the borough. The new partnership means customers and staff will transfer to GLL from Thursday 1 February 2024 with services provided under the ‘Better’ brand. Peter Bundey, CEO of GLL said: "We are delighted to be a new partner with Bedford Borough Council. We are looking forward to working together to enhance leisure services and provide health and wellbeing opportunities for Borough residents. "As a charitable social enterprise and the largest operator in the leisure sector, we will bring our experience and expertise to increase services on offer. We look forward to sharing plans and developments with users and local communities." Portfolio Holder for Leisure and Culture, Councillor Sarah Gallagher, said: “We look forward to working with GLL on the provision of leisure services in Bedford Borough. Our aim is for our leisure centres to serve as more than just places for exercise; they should also be vibrant hubs that promote well-being and create shared experiences for everyone. “During the course of this contract we will be working with residents and local sports clubs to develop a modernisation and investment strategy that reflects the future vision for leisure provision in the borough.”

Impact Hub London is thrilled to announce the return of the Shine Program UK's second edition. We are now accepting applications! Once again, we are teaming up with Swiss Re and our partners at BOOKBRIDGE to incubate resilience in the UK. The Shine Program UK's second edition aims to empower the next generation of social innovators in transforming their ideas and solutions into scalable business models with the potential for maximum social impact. After a successful first edition last year, we are looking to support early-stage entrepreneurs, who are trying to address challenges in the areas of Natural hazard and climate risk management (Climate smart agriculture, Disaster risk reduction,Transformation to net zero – e.g. renewable energy, afforestation, recycling,) and  Access to health (including healthy nutrition). Selected social entrepreneurs will embark on a five-month immersive nurture program. During this journey, they will be closely mentored by Swiss Re experts and receive guidance from seasoned business coaches. Together, they will craft financially viable and scalable business plans that promise tangible social impact. As an added incentive, at the culmination of the Shine Program, the chosen innovator will have the opportunity to secure a financial award of up to GBP 30,000 to fuel their growth. Don't miss this chance to be a part of the Shine Program UK's second edition. To apply, click here.  The application deadline is November 30. For more details, you can also explore our brochure by clicking here.

Thousands of young homeless people in London are to continue to benefit from a new state-of-the-art home following a seven-figure funding package from Unity Trust Bank. YMCA London City and North opened LandAid House, an ambitious 146-bed development in Errol Street, two years ago. With the new building complete, transitioning from development funding to a long-term financial product was the final step required to complete the project.   Thanks to Unity’s expertise and understanding of third sector organisations, a long-term debt solution was created which included a remortgage for the new premises and additional working capital for further housing programmes. Chris East, Director of Community and Enterprise at YMCA London City and North, said: “LandAid House was a £19.4m project started 14 years ago because the old building was no longer suitable for vulnerable young people. We created new ensuite bedrooms with lounges, kitchens and laundry facilities and it’s now a place where young people can get back their dignity and self-respect and experience being truly independent. “LandAid House will impact over 10,000 young people over its lifetime, so it was important that we found the right financial partner. The way this deal was structured secures LandAid House and gives us flexibility for the future and that’s a great place for us to be in. “Unity’s relationship manager Paul Kelly demonstrated a great ability to understand us as a client and a charity and to come up with a solution that met our financial needs and helped drive our vision for growth.“ YMCA London City and North serves seven of the capital’s boroughs with a combined population of 600,000. With pockets of affluent and deprived areas, the charity manages five sites which provide up to 400 bed spaces for young people. Each person referred to the YMCA is assigned a case worker and life skills coaching along with training and education to help them find employment. Paul Kelly, Relationship Manager at Unity Trust Bank, said: “The YMCA gives vulnerable and traumatised young people a safe place to live and the chance to rebuild their lives. “Being a Londoner myself, it was particularly rewarding to partner with an organisation that helps so many young people in the capital. “Unity’s mission is to do good through finance, and we are proud to work with organisations whose values are aligned with our own.” Gillian Bowen, Chief Executive YMCA London City and North, said: “The values of Unity resonate with our cause. They have been a consistent, understanding and an efficient partner, providing us with a flexible financial product that allows us to stay focused on our objectives to make life better for young people experiencing homelessness.” Paul Thornhill, Director of Thornhill Capital Ltd which introduced YMCA to Unity, said: "It has been a pleasure working with Paul Kelly and Unity. Paul did a wonderful job and developed a strong rapport with YMCA’s Board and Executive team. “Unity has provided a loan facility with very competitive terms which satisfies the requirements of YMCA London City and North. This is excellent news for all parties involved with this deal.” About Unity Trust Bank Unity Trust Bank is an award-winning, independent, commercial bank that uses banking to improve the lives of UK communities. Living by its principles of banking with integrity, Unity’s purpose is to help create a better society, not simply maximise profits. Operating for almost 40 years, it has supported like-minded organisations that share its values and address social, economic and environmental needs. With offices in Birmingham, Manchester and London, Unity offers a range of banking services, including current accounts, savings accounts and loans. Unity is a Real Living Wage employer, a Fair Tax Mark business, a Women In Finance Charter signatory, a member of the Banking Standards Board and currently holds the Investors in People Gold standard. Visit www.unity.co.uk for more information. You can also follow Unity Trust Bank on Twitter and Facebook, or go to its LinkedIn page.

We are delighted to launch our Social Impact Report for 2022-23 to coincide with Global Social Enterprise Day. Our video report provides a snapshot of our people, partners, and numbers, showcasing how we embed social impact in everything we do, building a kinder, fairer way to do business. Fundamentally Starts with you (SWY) is a Property Service company, with 85% of our income from commercial contracts in property clearance, caretaking, handypersons, and building safety inspection services. But those services are not “an end in themselves” they are the means to support what drives us, our Social Purpose “to create opportunity and empower people to make positive change”. Through commercial trading, we have been able to build a business that champions good employment, fair pay, and responsible business practice, supporting nearly 50 employees, over half in entry-level roles. We are a Real Living Wage and Living Hours employer, and a member of the GM Good Employment Charter. We build good practice into our business model to ensure that our people and customers have access to opportunities and are empowered to make positive change. We create opportunities for people to get into or return to work through our employability support services which have helped 77customers in to work in 2022-23, and direct employment, with 34% of the team recruited from being out of work. We work hard to invest in our team and to provide opportunities for personal growth and progression within the business. As well as building impact into our working practices we invest 100% of our profits in our social purpose, either in gift aid to charity, re-invested in the business, or to support services in the community including money, digital, employment, and energy advice. In 2022-23 the team supported over 1500 customers and delivered financial gains of £633,000, contributing to a total since 2017 of over £2 million saved for local people. We are passionate about growing our business so we can create more opportunities, empower more people, and make even more positive change! If you would like to learn more about SWY, what we can deliver, work for us, or how we make a difference you can contact us on any of our website pages.   startswithyou.org.uk

New research published on Social Enterprise Day (16 November) shows that UK social enterprises created £1.2bn in profit over the last year, and re-invested £1bn to drive progress on their vital social and environmental missions* Social Enterprise Day is a global day recognising the huge contribution our sector makes to communities, the economy and the environment. Our latest research shows the power of social enterprise, not only socially and environmentally but economically, making a significant profit and then using this to benefit people and planet. In contrast, 2022 saw FTSE 100 companies hand out over £80bn in dividends against an expected net profit of £170bn, and spend a record amount buying back their own shares to increase their value.** Social enterprises show us a fundamentally different way of doing business – one where profits are used to support vulnerable communities and protect the natural world, not just handed out to shareholders while social inequalities deepen and the climate crisis grows. Commenting on the findings, our CEO Peter Holbrook said: “Social enterprise can all too often be overlooked in British business, but this new research demonstrates the immense impact of our innovative and resilient sector – not only boosting our hard-hit national economy, but supporting wider society and protecting the environment. “We face huge and complex challenges, but social enterprise can offer solutions. Business can and must work in a way that actively benefits people and planet, sharing profit and power to drive real progress on the most pressing issues of our time. With a general election approaching, I urge all our political party leaders to consider social enterprise as the future of business.” Social Enterprise Day is a chance to raise awareness of the brilliant work happening in our sector  and encourage support for our growing movement. Check out #SocialEnterpriseDay on social media to get involved and be inspired! * These figures are part of the State of Social Enterprise report, produced by Social Enterprise UK every other year, which provides the most comprehensive and representative analysis of national sector performance. The full report is in production and will be published on 6 December 2023. **www.ajbell.co.uk/sites/default/files/AJBYI_Q1-2022_Dividend_dashboard.pdf