A social enterprise is a business which is aimed to help the community rather than to actually make a profit. They would still need a profit to stop it from going bust but there main goal is to help their community be a better place.
- 38% of all social enterprises work in the most deprived 20% of communities in the UK.
- They give people with barely any degree’s some chances to earn some decent skills.
- The down side is that they may not always make a profit so they could go bankrupt.
- They would re-invest most of their money into the ‘social mission they have’.
- They are generally very small companies.
- They are different to the fact that they would help communities and making profit isn’t their primary aim.