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A social enterprise is 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.
The following are short definitions of the models of social enterprise used by the three key support agencies:
“A social firm is a market-led business, created for the employment of people with a disability or other labour market disadvantage”.
“A community-based regeneration organisation”
“A jointly-owned and democratically controlled enterprise aimed at meeting the common economic, social and cultural needs and aspirations of its members”.
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