Why social enterprise? A guide for charities
As charities face a tougher funding environment, this free guide aims to help those trying to diversify their income by becoming a social enterprise.
It highlights that charities don’t always need to change their legal structure and emphasizes that many social enterprises remain as registered charities. For some charities a social enterprise will be just one part of their activities that will enable them to make a surplus so that they can grow and invest.
The guide explains where charities can trade without structural change and where they will need to set up trading companies. It acknowledges that some charities may find it hard to make the change from grant funding to running a business, selling services or products at a profit and advises them to have a robust business plan in place.