Glasgow Social Enterprise Network recently launched their research project Scale as Well as Substance which builds the most comprehensive picture yet of social enterprise activity in Glasgow.GSEN_Logo

The report highlighted that there are 509 social enterprises which make up the vibrant and dynamic community dedicated to making Glasgow a better place to be. With their combined annual income of £767m and 51% of social enterprises generating half or more of their income from trading, this report shows that even with the challenging economic and financial backdrop the confidence within Glasgow’s social enterprise community remains high.

The research undertaken by Social Value Lab maps out the scale, scope, characteristics, and contribution of social enterprises in the city showing that Glasgow is extremely fortunate to be home to many inspiring social enterprises.

GSEN_AboutSusan Aktemel, Chair of GSEN said “The time was right to take an ambitious and thorough look at the important and growing role social enterprise plays in Glasgow. This report and these figures show exactly what Glasgow does in terms of Social Enterprise. We are the home of social enterprise in Scotland.”

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GSEN_Cover_Part The Voluntary Code of Conduct for Social Enterprises in Scotland has been developed by Senscot and other leadinglights in the social enterprise sector. They describe a social enterprise as:

  • businesses operating in markets – usually selling goods and services –  whose primary objective is to achieve social and environmental benefit.
  • they have an ‘asset lock’ which requires that profits are reinvested in the business or in the beneficiary community – and not distributed to owners/shareholders/investors and, in addition, that on dissolution, the assets of the SE are redirected appropriately.
  • they aspire to financial independence through trading and
  • they are not a subsidiary of a public body.

You can download the full report from the GSEN website