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What is a Social Enterprise?

A social enterprise is a business with social objectives. Social enterprise aims to maximise profits whilst maximising social or environmental impact, and uses its profits to funds its social or environmental initiatives. A social enterprise differs from a charity as it operates by selling goods and services on a revenue-generating basis, then using its profits for social purposes rather than for shareholder value. Social enterprise typically prioritises workers from local or at risk communities.

 

 

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References:

Investopedia: https://www.investopedia.com/terms/s/social-enterprise.asp

Social Enterprise UK: https://www.socialenterprise.org.uk/buysocial/whats-a-social-enterprise/