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Social Enterprise UK has today launched the Social Enterprise Knowledge Centre – which aims to be a world-class source of evidence and insights on social enterprise. For more than a decade, our data and evidence has been the foundation of much of the research on social enterprise in the UK. Information collected by us on social enterprise activity drives understanding, awareness and progress. It informs public policy, from the creation of Better Society Capital (formerly Big Society Capital) and Access – The Foundation for Social Investment, to the Social Value Act and the development of public service mutuals, as well as the recent Adebowale Commission on Social Investment. The new Knowledge Centre brings together evidence compiled by us with wider sources of data, to make the UK’s most comprehensive source of information about social enterprise. It houses qualitative and quantitative information and will produce evidence for a range of audiences exploring key thematic areas of interest for social enterprises and their support ecosystem. Working in partnership with social investors, foundations, government, support organisations, academia and social enterprises, the Knowledge Centre will produce a wide range of reports and insight to promote understanding and inform positive change. Click here to visit the knowledge centre The Knowledge Centre is the home of our State of Social Enterprise Reports – our flagship piece of research looking in depth at the UK social enterprise community. Published every two years the report highlights key trends in the social enterprise sector. It also houses our quarterly Barometer reports which give a snapshot of social enterprise performance as well as how specific economic and political developments are affecting social enterprises. The Social Enterprise Knowledge Centre is supported by Access – The Foundation for Social Investment. Social Investment Business and Better Society Capital.

Calling all social enterprises - Social Enterprise Day 2022 is on Thursday 17 November. The day is a great platform to help raise awareness and understanding of social enterprise and make some noise about your social enterprise and the way your business is making a difference.At SEUK we’ve been working on three different ways that you can get involved this year. Social media This Social Enterprise Day we want to celebrate the work of the wonderful social enterprise community. We’re asking you to take to social media to tell everyone about what you or your social enterprise does. You could also post about some of the people from your team who make it happen. Please tag with #SocialEnterpriseDaye.g.  Here at Acme products we are celebrating #SocialEnterpriseDay and we are proud to say that we’ve been making amazing social enterprise products that make a real difference for the last ten years. Let’s introduce you to some of our lovely team:[Insert image of one of the team]This is [name] and their job is to look after our wonderful customers! Media We have sent SEUK members a template press release to send to local newspapers, radio or TV stations to help raise the profile of the work they are doing and any activities planned for Social Enterprise Day. If you are an SEUK member and have not yet received the template release, please do contact our press office – pressoffice@socialenterprise.org.uk   To find out more about joining membership click here.We’ve created a press release template that you can adapt and send to your local newspaper, radio or TV station telling them about your business and any activity you have planned for Social Enterprise Day. You can find your local media’s contact details on their websites. Campaign with us You can make your voice heard as part of our Dormant Assets campaign – (find out more about what we’re campaigning on here). We are asking social enterprises to contact their local MP ahead of Social Enterprise Day to call on them to support investing dormant assets in social enterprises and community businesses. Find out more about the campaign and take action here.

SEUK is campaigning in support of the Community Enterprise Growth Plan – a plan which will support social enterprises get access to the suitable and affordable finance they need to develop and grow. We’re calling on all social enterprises to support the campaign by writing to their MP using our simple template letter and online portal. The letter asks MPs themselves to write to the Secretary of State for Digital, Culture, Media and Sport to ask the Government to invest dormant assets in social enterprises and community businesses through the Community Enterprise Growth Plan. Click here to contact your MP The Community Enterprise Growth Plan is part of a wider campaign to direct dormant assets towards social enterprises. Dormant assets are financial products, such as bank accounts, which have not been used for many years and which have proven to be impossible to reunite with their owners. Over the next decade the value of these assets could be worth as much as £700 million and we’re calling for these to be used to help drive more inclusive access to social investment, to reform the market and ensure social enterprises are able to access the finance they need. We are campaigning for this money to be invested into social enterprises and supporting communities develop stronger local economies. You can find out more  in this blog by SEUK’s Director of External Affairs, Andrew O’Brien. Please do take 5 mins to send our template letter to your MP. All you need to do is enter your postcode and our campaign tool will do the rest! Click here to take action We need to put social enterprise front and centre of the minds of political decision makers – as a way to help level up the country, to reduce inequalities in health and opportunity, and as a means to grow a more inclusive economy. Contacting your MP will help raise the profile of your work and the work of the broader social enterprise community as well as giving them a concrete action to take to Government calling for better support for the sector. If you write to you MP and they get back to you please contact Andrew with the response andrew.obrien@socialenterprise.org.uk

24 October 2022 Peter Holbrook, Chief Executive of Social Enterprise UK, said: As Rishi Sunak becomes the new Prime Minister, we look forward to hearing his plans to bring stability and clarity for business in the coming months. The Prime Minister has stressed the economic challenges the UK faces. It is time for a reset of Government economic plans. We urge the new PM to address the challenges we are facing as a society and unlock the potential of social enterprise in tackling the issues facing our communities and our planet.

17 October 2022 Responding to today’s announcements from Chancellor Jeremy Hunt, Peter Holbrook, Chief Executive of Social Enterprise UK, said: Social Enterprise UK welcomes the Chancellor's commitment to targeting energy support for business and encouraging energy efficiency, as social enterprises are more likely than other SMEs to have been investing in energy efficiency since before the energy crisis began. We call on the Chancellor to consider investing more in the social enterprise sector to help accelerate this work and contribute to an enterprise-led recovery.  Social enterprises are under pressure from increased energy costs now and will need support as long as the energy crisis continues, which is unlikely to stop in April.

Keen observers of social media will have noticed that Social Enterprise UK attended the Conservative Party Conference this year, one that will live long in the memory for the news and content it generated. As with Labour, we were there to understand the future direction of policy and to raise awareness of the social enterprise sector. Social enterprise and levelling up Away from the headlines, there were some positive references to social enterprise and recognition of the value of the sector. On Sunday, the New Social Covenant Unit launched a new paper called “Social Capitalism” (covered in the Times and on Radio 4), authored by 12 Conservative MPs.   The paper made the case for investing in our social infrastructure, the local institutions that make up our communities, and treating it as seriously as our physical infrastructure (roads, railways, broadband). The paper made numerous references to social enterprises from the importance of social enterprises in maintaining this social infrastructure to social enterprises delivering public services in a way that listens and works with communities creating stronger bonds between people. This will require investment in the sector, reform to the way that we deliver public services and greater support for communities to develop social enterprise solutions. The paper was launched by the former Levelling Up Secretary Michael Gove and Dehenna Davison, the new Minister for Levelling Up, who both endorsed the vision outlined in the paper. We will be taking this forward to see if warm words can be turned into strong action to support social enterprises and realise their potential to level up the country. There were also positive references to social enterprises at a number of different events, particularly those organised by the sector such as those from Social Investment Business and Big Society Capital. Overall, there was a sense at conference that “enterprise” was the way to help communities to level up – although without a clear sense of what government was doing to stimulate this enterprise. No plan for growth or public services The centre piece of the conference was “growth” and how the government was going to deliver growth. It is clear that accelerating the growth of GDP is going to be the central focus of the government. The problem is that there is simply no plan to deliver it beyond tax cuts. Social enterprise is one of the fastest growing forms of business in the country, yet the ideological view from No.10 is that the business of business must only be business. There is no recognition that alternative approaches putting social and environmental purpose first could drive faster growth and generate greater resilience through encouraging long term investment in people and places. The main positive of the Mini-Budget and its fall out is that the shallowness of the position on tax cuts has encouraged politicians and the media to think more broadly. If tax cuts won’t work, what will improve our economy? The fact that noted economist, Kate Raworth, was invited to speak on Radio 4 in the wake of the Prime Minister’s speech is a recognition in the media that we need a national conversation on what drives growth beyond tax cuts and deregulation. Social enterprises will need to fight to be heard but for the first time in a while, a genuine debate is emerging. The other concerning area is public services. Under the radar of conference, the government announced that departmental budgets would not see their funding increase by inflation. Effectively that is a cut of £18bn for government departments and these savings will be passed through the system, with public services and welfare budgets likely to come under severe strain. Schools and hospitals alone are estimated to have to find £11bn in “efficiency savings” to make up for rising prices. Given the state of public services after a decade of austerity and the impact of COVID, this feels untenable. Backbench Conservative MPs were clearly worried about the impact of further cuts to spending and once Ministers face the reality of these spending reductions, some form of rebellion feels likely. However, the embattled state of the government means that there is no guarantee that this policy will be changed. Social enterprises delivering public services should plan for a difficult two years ahead. A tale of two parties The overriding sense of this conference was a party divided. On the one hand, those that have a more holistic view of society and the economy are concerned that this government is heading in the wrong direction. On the other hand, those that want to see government get out of the way and cut taxes for business feel that they simply need to stay the course. Their plan will work, if it is given time. In the middle are a lot of MPs and activists who do not know what to think. Who will win out in this battle, it is hard to say. Either way, Social Enterprise UK will keep engaging with politicians on all sides to recognise the value and importance of social enterprise for our future. The fastest way to grow our economy and have high quality public services is to grow social enterprise. By Andrew O'Brien - Director of External Affairs at Social Enterprise UK

After weeks of waiting, we now know what the new Government is going to do to help social enterprises, and other businesses, through the winter and the current energy crisis.   Here is a quick analysis of what all the announcements mean for social enterprise and what the next few months could hold for our sector. Energy price cap All businesses, voluntary organisations and public sector organisations who are on a non-domestic contract, a fixed price contract agreed on or after April 1st 2022, in the process of signing new fixed price contracts, on deemed/out of contractor variable tariffs or on a flexible purchase or similar contract will see a general discount applied to their bills. A price has been set for energy at £211 per megawatt hour (MWh) for electricity and £75 per MWh for gas. A comparable rate will be set for Northern Ireland which is in an energy market with the Republic of Ireland. This rate compares with the expected whole cost of energy of around £600 per MWh for electricity and £180 per MWh for gas. So the announcement represents a significant discount. However, it is important to bear in mind: Your energy bill will still be going up – although the discount will substantially reduce the increase, bills will still increase. To give a sense of the change, the FSB calculated that the cost of electricity for businesses had increased by 349% between February 2021 and August 2022. Energy bills may still double compared to the previous year and it is worth planning accordingly. Your bill is also determined by how much energy you use, if you use more energy this winter for whatever reason, it could be higher still. This support is only due to last for six months – there is no guarantee that this will continue beyond March 2023 and you should plan accordingly. SEUK is calling for an extension until the energy crisis passes, but there is no clear indication from government whether it is going to listen to that advice. Energy bills are not the only things driving inflation – supply chain pressures, higher costs of materials, the fall in the value of the pound relative to other currencies and higher wages will all feed through into inflation. Inflation may be slightly lower than expected due to this announcement but is expected to be at historic highs for many months to come. Tax cuts to encourage investment and spending The “mini-budget” has also seen a number of tax rises cancelled that would have affected social enterprises. National Insurance – the national insurance rise of 1.25% has been reversed and the Health and Social Care levy has been cancelled. This will reduce the cost of employing staff, often one of the biggest costs of running a social enterprise. Corporation tax - the cancelling of the planned rise in corporation tax will mean that social enterprises generating distributable profits will be taxed at a lower rate than they otherwise would have been. For social entrepreneurs depending on the dividends of their business for income, this will provide some relief. Annual Investment Allowance – the annual investment allowance (the amount of corporation tax you can write off due to investment in plant or machinery) has been increased to £1m. This will help any social enterprises planning to make significant investments in physical capital over the next few years. Alcohol Duty – frozen for one year from February 2023. This will avoid any tax-related price rises for social enterprises running bars, pubs, restaurants or other venues selling alcohol or social enterprises which host events with alcohol. From a cash flow perspective, most of these measures are unlikely to have much effect (bar the National Insurance Cut). Cuts in corporation tax or increases in the annual allowance are good if you are generating distributable profits, but otherwise unlikely to provide significant help. There will be another Budget later in the year, however, where further tax or spending changes may be made. We will continue to ask for further targeted support to help the cash flow of firms, particularly around employment – which can help ease cash flow and support trading. Reforecasting and replanning Like all businesses, social enterprises will be reforecasting their budgets and developing new plans based on the announcements made and the general economic conditions. If your social enterprise faces financial distress, the most important thing is to speak to your clients, customers and networks as soon as possible. Funders and supporters may be able to help you, or you may be able to negotiate relationships with your clients or customers that reflect the new reality. The worst thing to do is wait.  Social Enterprise UK will continue to run webinars and provide information on ways that can help your social enterprise over the difficult period ahead. Keep an eye on your emails for these events and get in touch if you have any concerns.  A bumpy road ahead At the time of writing there is significant instability in the markets about these announcements and it is very likely that social enterprises are going to face an uncertain eighteen months. Has the Chancellor done enough to avoid recession? Will inflation come down next year? How long with the energy crisis last? These are questions we simply cannot answer. However, social enterprises have shown themselves to be incredibly resilient businesses over the past decade. Austerity, Brexit, COVID and now the energy crisis – it has never been easy running a social enterprise. At Social Enterprise UK we will keep doing what we can to champion our sector, call for targeted support to help the communities we serve and support social enterprises as best we can. Sticking together we will keep working for a fairer society and a greener future.

26 September 2022 A group of 30 large companies have spent over £250 million with social enterprises by bringing them into their supply chains through Social Enterprise UK’s Buy Social Corporate Challenge. Launched in 2016, the Buy Social Corporate Challenge was set up to encourage corporates to use their everyday procurement spend to create positive social and environmental impact. Starting with seven founding partners the programme has grown to include 30 large businesses ranging from pharmaceuticals to finance who have collectively spent £255 million with social enterprises in the last six years with the overall goal being to get to £1 billion spend by 2026. This quarter of a million spend with social enterprises is one of the key findings in the Year 6 Impact Report of the Challenge which is published today (26 September). The report also shows that the money spent by corporates through the programme has helped create 2,700 jobs and has helped social enterprises increase their impact and access new markets. Through trading with Buy Social Corporate Challenge partners social enterprise suppliers have been able to reinvest approximately £26.5 million into the social or environmental missions. One of the 1,030 social enterprises who have supplied Buy Social Corporate Challenge Partners in the last six years is NEMI Teas – a social enterprise set up to help create jobs for refugees. Pranav Chopra, the founder of NEMI Teas had this to say about their work with corporates through the Buy Social Corporate Challenge: “We are currently working with seven partners on the Challenge and are in consultation with two more. Hopefully we’ll be in a third of their partners’ supply chains shortly! It’s because of the Challenge that I’ve been able to directly reach out to other corporates. The Buy Social Corporate Challenge has been remarkable for businesses which have a social enterprise model and the capacity to deliver.” The report argues that not only does buying from social enterprises make a positive social impact, but that it doesn’t have to cost more: 90% of corporate partners in the challenge reported that social enterprises were cost neutral or even cheaper when compared with other suppliers, while 95% said that social enterprises delivered comparable or higher quality. Peter Holbrook, Chief Executive of Social Enterprise UK, said: “Following higher scrutiny by investors, stakeholders, staff and consumers, mainstream UK businesses are increasingly considering their social and environmental impact when they set strategy and make decisions. “SEUK welcomes this shift and we believe social enterprise has an important role to play in supporting the wider business community to embrace social value and consider the social and environmental impact of their work. “There is a group of businesses that are leading the way in leveraging their procurement in service of their purpose. The Buy Social Corporate Challenge (BSCC) partners are demonstrating effectively how their purchasing decisions can help them play their part in achieving a fairer and more sustainable economy. “What this sixth annual BSCC report reveals is that the Challenge is on track to deliver its ambitious £1 billion target, thanks to the commitment and vision of our corporate partners and the ability of social enterprises to deliver high-quality products and services.” The corporate partners on the programme are Amey, AstraZeneca, Barclays, CBRE, Co-op, Compass/Foodbuy, Deloitte, EQUANS, GSK, John Sisk & Son Ltd, Johnson & Johnson, KPMG, Landmarc Support Services, Lendlease, Linklaters, LV=, Mitie, Motorola Solutions, Nationwide, Nestle, NFU Mutual, PwC, Robertson Group, SAP, Siemens, Sodexo, The Crown Estate, Wates Group, Willmott Dixon and Zurich. You can read the full Year 6 Impact Report here