Latest quarterly survey from Social Enterprise UK finds 3% of social enterprises say they’re at risk of closing in the next few weeks as costs rise and turnover drops amidst calls for more help from the government.
Investing in organisations that help people keep their bills down, making the case for more government support, and focusing on long-term resilience: how social investors can help charities and social enterprises to weather a "perfect storm".
Mini-budget focused on tax cuts signals a sharp turn right from policies championed by the Johnson government, with social economy experts criticising today's package as “too small for Britain” and “a gamble”.
Government this week reveals detail of its energy support scheme for businesses and charities, but uncertainty remains as to what will happen in six months’ time as cost of living crisis continues to bite.
The prime minister’s plan to protect against surging energy prices only provides support for businesses for the next six months, and lack of clarity over immediate measures leaves social enterprises at risk of closure, fear membership bodies.
Social enterprises “significantly more resilient” on some measures than commercial businesses – with staff more likely to be retained and hired – but threats of unsustainable margins and reduced cashflow loom.
Business leaders have a fundamental duty to help their employees, customers and suppliers to get through the coming months. It makes good business sense too, says Social Value Portal's Guy Battle. Three ways to get started.