What is a Social Enterprise?
Social enterprises are businesses that exist to make the world a better place. Through thousands of small acts, they are changing the game.
When you choose social enterprise, you’re choosing a business that does good for the planet and its people.
There are currently more than 3,500 social enterprises trading across metropolitan and regional Victoria employing an estimated 60,000 people and contributing $5.2 billion to the Victorian economy.
In Australia, there is currently no legal structure called ‘social enterprise’ but the Victorian Government defines social enterprise as organisations that:
- are driven by a public or community cause, be it social, environmental, cultural or economic
- derive most of their income from trade, not donations or grants
- use the majority (at least 50%) of their profits to work towards their social mission.
Source: Business.vic.gov.au | Finding Australia’s Social Enterprise Sector Report 2016