Social Enterprise UK joins Future Economy Alliance to create new business plan for Britain

As our new government maps out its “mission-based” approach, the Cabinet Office is looking at how public procurement could support this – and as part of our work to build markets for social enterprise, we’re seizing this opportunity to show political leaders the added value unlocked when we work in partnership. Procurement is one of the government’s most powerful economic tools, with public sector bodies spending over £400bn to deliver vital public services and critical infrastructure in the last year alone. Unfortunately, the current system is failing to achieve its full potential, as evidenced by our Social Value 2032 research. With a more effective strategy, these funds could help shape markets to improve business behaviours and social outcomes. We hope this new government consultation is the start of a journey to making public sector procurement more collaborative and innovative, so that it delivers greater value – and we know social enterprise can help accelerate progress here. Our business model naturally aligns to a mission-driven approach, putting people and planet before profit. However, system change is needed to really unleash the procurement power of social enterprise suppliers. Having given insight and advice directly to government as part of the consultation, we also wanted to publicly share the highlights of our response, as we continue to push for more engagement and understanding. A key point is making legislation work better. Our research found £56bn in added value has been lost since the Social Value Act came in, so this must be strengthened alongside updates to the National Procurement Policy Statement. It’s promising that guidance on the upcoming Procurement Act expresses a specific intention to benefit social enterprises, and we’ll share our sector insight with policymakers to ensure they understand our needs and expectations. Going further, commissioners must recognise the intrinsic value of organisations in their supply chain. Rather than narrow measurement processes that relegate social value to a tick-box exercise, commissioners should consider how suppliers in their supply chain might advance wider strategic goals. Ultimately, commissioners need the responsibility and guidance to play the role of market stewards; procurement spending should be recognised as investment, with commissioners obliged to consider how such funds can be used to deliver more for the communities they serve. This should also mean actively limiting opportunities for profit in certain areas. When vulnerable individuals are dependent on specific services like social care, there should be no opportunity to make profit at the expense of investing and providing the highest quality service. The government’s new plans to prevent profiteering in children's homes are a very welcome step in the right direction – but there are concerns about whether profit-driven businesses would make voluntary changes, and questions about how mandatory legislation would work in practice. Where possible, commissioners should look to reserve more contracts for suppliers that have adopted business models where surplus funds are used to invest in services, rather than enriching shareholders. Overall, more transparency is needed across the procurement system. Commissioners need to understand what colleagues across the public sector are doing and pursue best practice in line with their own goals. Similarly, they need to understand how suppliers are using their funds, so they can get an accurate sense of the costs needed to deliver vital services. Procurement can enhance public wellbeing and deliver shared prosperity – but it must be approached in a way that prioritises collaboration and transparency, with greater appreciation of what different organisations may bring to the table. This will allow commissioners to better embed suppliers whose practices, values and interests are aligned with the people and places they serve. Ultimately, this will not only improve services and outcomes but cultivate a more inclusive and dynamic economy. If you want to share your experiences of public sector procurement, and/or get involved with our Social Value 2032 work, contact policy@socialenterprise.uk.

Bloom is returning to Liverpool in 2025, ready to bring together leaders, doers and strategists from the creative and digital sectors. This one-day, future-focused event is designed as a hub for innovation, collaboration, and strategic development, where attendees can immerse themselves in a wealth of ideas and practical insights, forge new connections, and leave with inspiration to take part in real, progressive action. Last May, Bloom made its debut in Liverpool. The event featured: 20 influential speakers sharing their expertise. 15 support organisations offering guidance. 30 exhibitors showcasing their latest innovations. The day was packed with panel discussions, engaging talks, and one-on-one advice sessions, all geared towards ensuring digital and creative businesses are equipped for the future. Attendees not only benefited from expert insights but also enjoyed great food, live music, and ample opportunities to connect and grow their networks. In 2025, Bloom 2025 is thinking bigger. The event will have a focus on the theme of collaboration and will explore how we can make alliances and work together for the greater success of the creative and digital sectors.  Bloom 2025 will bring together businesses across‘ the north’ to connect and explore how those working in the creative and digital industries contribute to and drive the creative economy.  Following on from the success of Bloom 2024, there will be topics on how business leaders can future-proof their businesses and adapt to challenges, advice on how to cultivate the next generation of skilled professionals and the purpose of place; exploring the evolving nature of our cities and how creativity contributes to these shifts.  All of these topics will be weaved by the leading theme of Bloom 2025; collaboration. Bloom is an event for: Creatives, digital leaders, doers, and strategists looking to not only stay ahead of the curve, but help guide where the sectors are going.  Team members seeking expertise to future-proof their businesses. Networkers and collaborators ready to engage, connect, and build lasting partnerships. Bloom expands on your toolkit to ensure your business has the support it needs at every stage—whether launching, scaling, or building resilience. Bloom is a space to learn, share, and act, fostering a collaborative environment where ideas are planted, nurtured, and set to grow.  Mark your calendars and buy your tickets now on Eventbrite before the early bird discount comes to an end: https://Bloom2025.eventbrite.co.uk. /bluːm/ to grow or develop successfully

Today’s Budget marked a decisive shift to higher levels of public investment - welcome after more than a decade of austerity. This is particularly on capital spend, but social spending investment is also vital. So how can this additional spending can deliver a fairer, more sustainable and inclusive economy? Resource spending in health and social care is crucial. There have been numerous occasions in recent years when social enterprises delivering core NHS community services have been (and are still) unfairly excluded from government policies, programmes and funding. If the new government is serious about its manifesto commitments to prevention and community services, then it must recognise the essential role social enterprises already play in their delivery across the country every day. Many social enterprises will be concerned with some of today’s announcements. The rise in employer National Insurance Contributions (NICs) will particularly impact social enterprises that create jobs, often for those furthest from the labour market. While Employment Allowance has been increased, which will reduce pressures on smaller businesses, this still raises questions over whether this is the fairest way to distribute the increased tax burden. Social enterprises that provide vital public services may be particularly impacted by the Budget. The minimum wage will rise alongside NICs. While social enterprises are committed to paying a living wage and offering better working conditions, those reliant on public sector funding may struggle with these additional costs if they do not receive a fair funding settlement from the public sector bodies they work with. However, there are clear signs this is a Budget that recognises aspects of the contribution of social enterprises and other mission-led business models. Pledges to reform the taxation of Employee Ownership Trusts and deliver a strategy for growing the co-operative economy demonstrate that there will be more support for diverse, mission-led business models going forward. Social Enterprise UK will continue to work with members and partners to ensure the Government understands the needs and aspirations of social enterprise. We do need investment - but we also need businesses that create high-quality employment, invest in their communities, and offer innovative ownership models that share wealth. We hope that the Chancellor will use her additional spending power to create the conditions in which social enterprises, as businesses committed to more than just profit, can thrive.