Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

A million UK businesses missing out by not transitioning to social enterprises

by April 13, 2023
April 13, 2023
A million UK businesses missing out by not transitioning to social enterprises

More than a million businesses in the UK could be supported to formally transition to social enterprises, based on their current engagement with social issues, according to new research.

Social Enterprise UK’s (SEUK) newly-launched ‘Transitions’ report reveals that as many as a fifth of SMEs in the UK aspire to make a positive social impact – but are not currently operating formally as social enterprises. This means more than a million organisations have the scope to transition to social enterprise status, and contribute more to the economy and society in doing so.

As a result of its findings, SEUK is encouraging businesses in the UK to consider their status and learn more about how they could benefit from transitioning to a new model.

Operating as a social enterprise allows a business to lock in its social and environmental purpose, ensure profits benefit that purpose, and enjoy wide-ranging benefits for staff, customers and clients by reaching new markets and developing new products and services.

Social enterprises also regularly enjoy enhanced reputations, customer loyalty and employee engagement, whilst having wider access to funders and financers motivated by social impact.

Social enterprises are businesses which trade for a social or environmental purpose, prioritising the benefits to people and planet and use the majority of any profit to further their mission. Social enterprises contribute to reducing economic inequality, improving social justice and to environmental sustainability.

There are currently more than 100,000 social enterprises in the UK, contributing £60 billion to the economy and employing around two million people.

Peter Holbrook, CEO at SEUK, said: “Whilst we acknowledge the fantastic work of existing social enterprises in benefiting our economy and society, our research identifies that a huge number of other businesses are not maximising the opportunities available to them from social enterprise models and solutions.

“No social enterprise is the same, either, so there are a variety of options for companies wishing to transition – for example, a small tech firm may be best suited to a co-operative model, employee ownership may fit a bigger retail business or a trust model could work well for a business running a heritage asset.

“Therefore, we encourage businesses to find out more and understand if transitioning to a new model is viable for them, so they can reach their potential and make an even greater difference to the world as a social enterprise.”

Read more:
A million UK businesses missing out by not transitioning to social enterprises

0
FacebookTwitterGoogle +Pinterest
previous post
Mastering Hybrid Working:  Benefits, Challenges and Strategies
next post
IR35 improvements are still needed as trade body calls for offset

You may also like

Unlocking Success: 5 Key Strategies to Develop EI...

December 5, 2024

From Business Deal to Digital Inferno: the Attack...

May 7, 2025

7 AI Adoption Challenges Contact Centres Face (And...

December 19, 2023

The dos and don’ts of selling to an...

April 5, 2024

Non-dom tax breaks being reviewed by the Treasury...

November 4, 2022

UK Government nets £1.5bn profit from Octopus-Bulb deal,...

October 24, 2024

Dyson family, Gym Shark founder and Sting among...

January 27, 2023

Loss of nearly 15,000 UK retail jobs a...

February 20, 2023

Ecommerce: The Competitive Landscape & How Performance Marketing...

March 21, 2023

Windfall for group that sacked 800 P&O workers

March 27, 2023

Unlocking Success: 5 Key Strategies to Develop EI...

December 5, 2024

From Business Deal to Digital Inferno: the Attack...

May 7, 2025

7 AI Adoption Challenges Contact Centres Face (And...

December 19, 2023

The dos and don’ts of selling to an...

April 5, 2024

Non-dom tax breaks being reviewed by the Treasury...

November 4, 2022

UK Government nets £1.5bn profit from Octopus-Bulb deal,...

October 24, 2024

Dyson family, Gym Shark founder and Sting among...

January 27, 2023

Loss of nearly 15,000 UK retail jobs a...

February 20, 2023

Ecommerce: The Competitive Landscape & How Performance Marketing...

March 21, 2023

Windfall for group that sacked 800 P&O workers

March 27, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved