Headlines: July 24th, 2002

Businesses that are driven by social rather than economic goals and use profits to further social purpose rather than maximise value for shareholders, will benefit from “Social Enterprise: a strategy for success”, launched by Trade Secretary, Patricia Hewitt.The strategy includes devising an accreditation scheme for social enterprises in a way similar to Investors in People providing accreditation to organizations that meet criteria in relation the their workforce. There will also be increased involvement of social enterprise in public service delivery. A campaign to promote this involvement will include fostering a greater understanding of social enterprises among those responsible for public sector procurement and the production of a toolkit giving jargon free, simple guidelines to bidding for public contracts.

A Social Enterprise Unit was set up in DTI in October 2001. Its remit is to act as a focal point and co-ordinator for policy making affecting social enterprise. It also promotes and champion social enterprise.

Link: http://www.dti.gov.uk/socialenterprise