Social enterprise is a term that describes any trading activity carried out for public or community benefit rather than purely for private profit. The Welsh Assembly Government describes social enterprise as…
“a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community rather than being driven by the need to maximise profit for shareholders and owners.”
Sometimes misnamed as ‘not for profit’ organisations, social enterprises trade a service or product with the aim of making a profit or surplus which is then used to finance a social or charitable aim. Examples include village halls, community owned shops and recycling organisations.
PLANED has supported social enterprise development under previous funding streams (LEADER+) and still holds a wealth of information and useful contacts.
Current support for social enterprise in Pembrokeshire is available under the Collaborative Communities project which can be contacted through Vanessa John at PAVS on 01437 769422, or firstname.lastname@example.org
The Wales Cooperative Centre can also provide support although their project primarily supports enterprises that will have significant economic impact and employment potential. Contact email@example.com