Thousands of social enterprises in the UK are emerging and they are employing more than one million people. According to the trade body Social Enterprise UK (SEUK)’s estimates, these social businesses contribute £24 billion to the economy.
Most of these business are small with a low turnover, but bigwig companies are already pursuing to further their business image by boosting their corporate responsibility credentials and philanthropic goals. Traditional business practices can be applied to social enterprises to produce sustainable value, says Madiha Kahn, former consultant at outsourcing company Accenture.