Dudley Council supports the growth of social enterprises within the borough
Our aim is to do what we can to ensure that such ventures not only start well but remain in business for the long term.
Social enterprises come in many shapes and size and are businesses that trade for social and community purpose. Social enterprises have clear rules about what is done with profits, reinvesting these to further the ‘social mission’.
As a community council, Dudley is committed to supporting the growth and sustainability of social enterprises in the borough, as part of our wider plans for evolving stronger communities and also the economic regeneration of the borough.
Social enterprises represent a great diversity of business ventures ranging from those that support personal health, those that support vulnerable people (for example through job experience), to those that look after the environment. They operate like any other business , except that they are motivated by a sense of community benefit and social value, instead of financial profit.
What is a social enterprise?
A social enterprise is defined by the Government’s Cabinet Office as:
“a business with primarily social objectives whose surpluses are principally re-invested for that purpose in the business or the community, rather than being driven by the need to maximise profit for shareholders and owners”.
:: more on what is a social enterprise