Social Enterprises Make Their Mark

UK social enterprises are to now receive their own official seal of approval thanks to a new partnership with the Office of the Third Sector.

The Social Enterprise Mark will help those businesses that trade for social gain promote their values to a wider audience and encourage more people to buy and engage with the work done by social enterprises.

‘I have seen some amazing and innovative examples of social enterprises, and the more people that know about them and the more people that get involved in the sector, the better!’

There are 62,000 social enterprises in the UK contributing £24 billion to the UK economy and employing around 800,000 people. Ethical businesses have grown considerably in the past few years, and while the economy has slowed this somewhat, social enterprises are twice as confident of future growth as typical small to medium enterprises.

To qualify for the mark businesses must provide evidence of social or environmental objectives, spend half of company profits on socially beneficial ideas and show that at least half of revenue comes from trade as opposed to donations.

The Mark will cost businesses £99 + VAT per year and will have to be renewed annually. To register visit: SocialEnterpriseMark.org.uk

What is the Social Enterprise Mark? from The Mark on Vimeo.

From BT Business Insight.

Filed Under: Business News