from seeing problems to seeing solutions katharine danton, director of research and policy unltd...
TRANSCRIPT
FROM SEEING PROBLEMS TO SEEING SOLUTIONS
Katharine Danton, Director of Research and PolicyUnLtd
Supporting social entrepreneurs
1
OUR VISIONA world where people act to make it better
2#4socents
UnLtd reaches out and unleashes the energies of people who can transform the world in which they live.
We call these people social entrepreneurs.
The great debate
“A social enterprise is a business that trades for a social and/or environmental purpose. It will have a clear sense of its ‘social mission’ SEUK
“People who can transform the world in which they live” UnLtd
“earn at least 50% of revenue from trading (or as a new start, you pledge to reach this within 18 months) and spend at least 50% of profits on social or environmental aims” SE Mark
“A business with a social mission”
“Social entrepreneurs adopt a mission to create and sustain social value. They pursue opportunities to serve this mission, while continuously adapting and learning.” Wikipedia
DEFINING WHO ARESOCIAL ENTREPRENEURS
WHO ARE...
People with:
• Potential to make positive change
• Passion to solve a social problem
Who have:
• An idea for a solution
• Entrepreneurial qualities
Who are:
• Resilient and resourceful
• Determined to make their idea a reality
Social entrepreneurs?
4#4socents
238,000People in UK trying to start a social venture (0.4% of population)
BUDDING AMBITIONWhat type of business would you like to start?
BUDDING AMBITIONWhat type of business would you like to start?
WHO ARE...Social entrepreneurs?
UnLtd AWARD MAKING from 2003-2013
8
11,500 AwardsNumber of Awards distributed to social entrepreneurs, by UnLtd directly or through our partners
20,300 peoplePeople receiving these Awards, individually or as part of small groups. We call these people ‘Award Winners’
£40 millionTotal cash distributed to social entrepreneurs as Awards
Jimmy Chan, Cycooldelic, London
WHO WE REACHOur work in numbers
9#4socents
53%
Equal men and women
32%
Peak age 35-49, range 11+
Degree or professionally qualified
Minority ethnic (12% population)
A third are from 20% most deprived areas
10#4socents
for social entrepreneurs
What Happens In The Long Term?
11
76%Proportion of Award Winners whose ventures are still active 3 years after receiving UnLtd Award
SURVIVAL
Data comes from Annual Survey 2012, which was sent to 4,300 current and former Award Winners supported since 2003. 1014 responded. Data has been weighted to take account of differences between the respondents and sample in terms of age, date of award and deprivation level.
VENTURE SIZE
71%Are ‘non-employing enterprises’ – either
sole traders or voluntary
organisations with no employees
23%Are micro enterprises with one
to nine employees
6%Have ten
employees or more
Like mainstream enterprises, most social ventures stay small, while a minority scale up. Our data shows that among ventures we’ve supported :
Small Ventures, Big Impact12
2,700 jobsNumber of people employed at the time of the survey
£45 millionEstimated annual wage value of these jobs
Data come from UnLtd’s Annual Survey 2012, which was sent to 4,300 current and former Award Winners supported since 2003. 1014 responded.
1.2 million peopleNumber of people who benefited from Award Winners’ ventures in a year
62,000 volunteersNumber of volunteering opportunities created in a year
£200 millionEstimated annual wage value of this volunteering
15,000 trainees Number of training opportunities provided in a year
WE SURVEYED 1014
Building Our Society13
Data come from Annual Survey 2012, which was sent to 4,300 current and former Award Winners supported since 2003. 1014 responded.
60% Proportion of Award Winners have supported another person to set up a social venture in a formal or informal role.
SOCIAL CAPITAL
‘Social capital’ is a way of describing the benefit people get from their links with others. It’s important for anything from getting a job to staying healthy in old age.
Award Winners most often create social capital by…
SPREADING THE WORD
66% 63%
Helping people to connect with
others
Promoting neighbourliness
Promoting trust within and between
communities
83%
Trends in Social Investment
48% Social Enterprise sought external finance in past 12 months: grants, loans, overdrafts, equity.
Social finance: finance provided with the expectation of both a financial and social return
Helping Social Ventures To Scale
15
THE BIG VENTURE CHALLENGE
13 investment dealsSecured by Big Venture Challenge participants from the first cohort (2011+)
£1.98 millionTotal external investment secured by these ventures
81%Proportion of this that came from investors new to social investment
84 New staff jobs created by these ventures in 2012/13
25%
18% 18%
In 2011 we took on our first cohort of 25 social entrepreneurs to take part in the Big Venture Challenge.
% change across active BVC cohort (23 ventures) between baseline (Q3 2011) and March 13
THANK YOUWe’re happy to talk further
17
@UnLtd facebook.com/UnLtd unltd.org.uk
•linkedin.com/company/unltd
• 123 Whitecross Street, London, EC1Y 8JJ
• +44 207 566 1115
Legal Forms
18#4socents
Main Sources of Income
19#4socents
Growth
20#4socents
WHAT HAPPENS IN THE LONGER TERM?21
Our tracking research suggests that over three quarters of ventures we support continue to operate for at least three years. Many stay small while some operate at large scale – similar to mainstream enterprises
76%Proportion of Award Winners whose ventures are still active 3 years after receiving an UnLtd Award
UnLtd data comes from Annual Survey 2012, which was sent to 4,300 current and former Award Winners supported since 2003. 1014 responded. Data has been weighted to be representative of age, date of award and deprivation level of Award Winners generally. UK business data source: Business population estimates for UK and the regions 2012, BIS
VENTURE SIZELike mainstream enterprises, most social ventures stay small, while a minority scale up.
UnLtd Award Winners UK businesses
Ten employees or more
74%
21%
4%
Employ no-one or just the founder
One to nine employees
6%
23%
71%Employ no-one or just the founder
One to nine employees
Ten employees or more