Sunday, 29 September 2013

Social Enterprise UK finds that access to finance is the largest barrier to growth of social enterprises

Social Enterprise UK has published its 2013 survey results based on 878 telephone and e-mail surveys. Among other things the survey finds that twice as many social enterprises (48%) as SMEs sought finance in the past 12 months and 39% cited access to finance as the single largest barrier to their growth and sustainability – the most common barrier experienced. The report continuous that the median amount of finance sought by social enterprise was £58,000 – well below the minimum thresholds of many specialist social investment vehicles.

“The data shows that there’s growing interest in social enterprise – it’s the sector where entrepreneurs are choosing to set up businesses. This fact speaks volumes about people’s motivations and a desire for change in the way that businesses behave and their contribution to society." Peter Holbrook, Chief Executive of Social Enterprise UK

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1 comment:

  1. Indiegogo is attracting growing amounts of talent, money, and attention. But along with its increasing popularity has come less certainty about what exactly a social entrepreneur is and does. As a result, all sorts of activities are now being called social entrepreneurship. Some say that a more inclusive term is all for the good, but the authors argue that it’s time for a more rigorous definition.