Social enterprises more resilient than small business last year, report says

From Civil Society

Social enterprises were more financially resilient than small businesses during the pandemic, according to research published this week.

The research report, No Going Back, released by Social Enterprise UK (SEUK), found that social enterprises were more likely to report higher turnover and less likely to have lost money during the crisis compared with small private sector firms.

The report also says that a record number of social enterprises were set up last year – 12,000 – and estimates that the sector is worth £60bn to the UK economy.

SEUK said that the success of social enterprise offered a “roadmap for our future”.

You can read the full article here

You can read the Report ‘No Going Back’ here