Since reporting in this post on the new trends in the sector that our baseline survey revealed, one of the things that iSE and members of the Social Enterprise City steering group have been thinking through is identifying a new sector development framework that reflects the ways in which the sector is changing.
Let’s remind ourselves of some of the key headlines from the survey and what they mean for the continuing development of the sector.
- 41% of SEs responding were established within the past three years – a proportion almost twice that of the national comparator figure (21%).
- 38% fall into the lowest turnover band – £0K-£24K per year.
- 38% don’t yet employ staff.
- Only 14% of social enterprises in Birmingham fall into the “mid-range” turnover band of 101k-£400k, compared to around 19% nationally.
- Only about 6% of social enterprises in Birmingham fall into the “upper-range” turnover band of £401k-£901k turnover, compared to an estimated 20%+ nationally.
- Increasing trading, turnover and prospects for growth and scale.
- Enabling more social enterprises to access contracts, markets and supply-chain opportunities that will enable them to trade their way into “mind-range” and “high-range” turnover.
- Enabling more social enterprises to become involved in and contribute to place-based community economic development and regeneration.
- Access to and connection with sources of social finance.