S.T.E.P. Training and Learning Ltd

South Tyrone Empowerment Programme
The Junction
12 Beechvalley Way
Dungannon, Co Tyrone
BT70 1BS

Tel:028 8775 0211
Email: info@stepni.org

Social Enterprise » What is Social Enterprise?

Social Enterprise » What is Social Enterprise?

Social Economy is defined as “the contested arena between the state and the market where public and private meet and where individual and social efforts are united”. Frumkin (2005)

Social Enterprises must meet 4 basic criteria:

 


1. Have social purpose not surplus income as prime motivation.
2. Be collective in organisation and democratic in process.
3. Be non- profit-taking:   i.e. surplus income over expenditure must be used for the social purpose or reinvested in the enterprise.
4. Must trade in good, services etc. i.e. not merely deliver a service on behalf of the state.

Community Enterprise is a subsection of social enterprise defined by: local in nature; locally owned; size.
(Pearce 2003)

 

Copyright 2016 © South Tyrone Empowerment Programme