DSEQ survey results and action plan published
iSE has just published the results of the first social enterprise survey undertaken in the Digbeth Social Enterprise Quarter, along with the Quarter’s first action plan. → The two reports are available here.
Survey results — headlines
The survey revealed that there are over 50 social enterprises in Digbeth and the surrounding area with a combined turnover of between £15m and £20m. The sector is characterised by small and relatively young enterprises:
» 60% employ fewer than six staff.
» 52% turn over less than £100,000 a year.
» 64% have been trading for less than ten years.
» Over 21% were set up in the last three years.
Over 20 trade sectors are represented in Digbeth alone. The four most heavily populated sectors are:
» Education & training 58%
» Youth services 30%
» Arts, culture & heritage 33%
» Community development & regeneration 33%
The use of voluntary effort emerges as a key factor in how many social enterprises unlock additional social value. 82% of social enterprises in Digbeth depend on the contributions of volunteers in various aspects of their work with around 970 volunteers donating over 7,000 hours every month – some 84,000 hours a year. If this voluntary labour were valued only at the West Midlands average hourly wage, it would be worth almost £883,000 a year.