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About Social Enterprise
Social enterprises are organisations that:
a. Are led by an economic, social, cultural, or environmental mission consistent with a public or community benefit;
b. Trade to fulfil their mission1;
c. Derive a substantial portion of their income from trade2; and
d. Reinvest the majority of their profit/surplus in the fulfilment of their mission.
- Where trade is defined as the organised exchange of goods and services, including:
- monetary, non-monetary and alternative currency transactions, where these are sustained activities of an enterprise; contractual sales to governments, where there has been an open tender process ; and
- trade within member-based organisations, where membership is open and voluntary or where membership serves a traditionally marginalised social group.
- Operationalised as 50% or more for ventures that are more than five years from start-up, 25% or more for ventures that are three to five years from start-up, and demonstrable intention to trade for ventures that are less than two years from start-up.
Social Enterprises take a number of forms and deliver outcomes as diverse as employment for the disadvantaged, important goods and services or fundraising for other charitable activities and community projects.
For more detailed information and examples of Social Enterprise, click on the links below.