Charities are increasingly turning to social enterprise as a means of increasing and diversifying their sources of funding and becoming more entrepreneurial in the use of their own resources and expertise in the difficult financial climate.
There are several signs that consumer interest in doing business with social enterprise is on the increase. A recent survey by the Social Enterprise Coalition found that 56% of social enterprises had grown since the economic downturn began and suggested in many cases social enterprises are ‘weathering the storm’ better than other SMEs. Further to this the Coalition government’s ‘Big Society’ agenda and contraction within the public sector is leading to increased opportunities for new or existing social enterprises to take on the running of services previously operated within the public sector.
However, we know and understand that, while there are many opportunities for those operating as a social enterprise, there are also many pressures and challenges.
We have expertise in a range of areas, including helping clients find the most appropriate legal and governance structure for their social enterprise; establishing new social enterprises in major social enterprise projects such as transfers out of services from the public sector into new or established social enterprises; joint working and collaboration through social enterprises; and corporate finance issues for social enterprises.
Our team has expert knowledge of the wide range of available legal structures including community interest companies, co-operative and community benefit societies, and charitable and non-charitable structures.
We offer a dedicated team operating within the Social Enterprise and Charities sector, with a real track record in establishing and advising social enterprises