Social Enterprise City | New Sector Trends Demand New Development Priorities
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.
The BSSEC sector baseline survey revealed survey indicated that Birmingham is characterised by a high proportion of new, young social enterprises that are in the very early stages of trading and their profiles reflect this. For example:
- 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
This suggests that over the next few years, Social Enterprise City priorities should focus on increasing trading and turnover, and boosting prospects for growth.
The next step was to combine these in a coherent and achievable strategy for sector development and we believe this can be done by focusing on “scale & growth”, “place” and “engagement & access”.