Social Enterprises Misunderstood

Nearly half the adult population is unsure what a social enterprise is, despite this type of business being the fastest-growing in the UK economy, new research has found. The poll of 2,000 adults commissioned by O2 and Social Enterprise magazine revealed that many people were confused about how social enterprises actually worked, with 56% believing they are always funded through grants and donations, rather than trading like normal ‘for-profit’ businesses as many social enterprises do.  Similarly, the poll revealed confusion over what constituted a social enterprise. While 56% correctly identified the Big Issue as a social enterprise, 49% said Shelter belonged to the sector when it is a traditional charity. Business Link defines a social enterprise as a business with prima... »