"A social enterprise is an organization that applies commercial strategies to maximize improvements in human and environmental well-being, rather than maximizing profits for external shareholders." - Wikipedia

Richard Myers recently spoke at an event in Gateshead regarding Social Enterprise due to its increasing popularity. The Social Enterprise Start-Up Weekend was a three-day event created for graduates and students from the five North-Eastern universities to explain about start-ups and social enterprises alike.

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When starting up, you may follow the route of social enterprise. If you are interested, you can join Social Enterprise UK who are the national body for Social Enterprise. Here are just a few examples of Social Enterprise operating across the UK.

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As more people are becoming aware of problems such as poverty and the impact we have on the environment, there has never been a better time to set up a business geared around to helping solve said problems and building a community around it. You can see below, Social Enterprise UK are connected to 30 international groups in 19 countries:

Social Enterprise

There are plenty of Social Enterprises across the UK. If you are based in the North-East of England you may be interested in these two enterprises:

The Skill Mill

The Skill Mill was designed to provide employment opportunities to young people 16-18 by creating high-quality and cost effective outdoor work with high social impact.

As a social enterprise, the Skill Mill undertakes water and land-based management thus helping to reduce flood risks and helping the environment.

For more information, you can visit the Skill Mill's website.

Food Nation

Food Nation is a social enterprise passionate about food, nutrition and health. They provide healthy recipes, guides to growing organic produce, nutritional guides and cooking classes.

Food Nation also does various projects in the NE area such as Smooth Enterprises (encouraging schoolchildren to run an enterprise selling 100% fruit snacks), Food Adventures (helping people grow and cook fresh produce), Eat For Life (providing practical skills and nutritional knowledge to achieve effective weight loss), Community Food Initiative (Supporting the development of community activities in Newcastle which address health inequalities related to food, nutrition and diet) and Change 4 Life (society-wide movement that aims to prevent people from becoming overweight).

If you are interested, you can visit the Food Nation website.

Like the sound of Social Enterprise? Why not apply for a Start-Up Loan with us and start your very own?