The Social Economy is all about benefiting local people. Bringing employment and wealth to local communities. Improving the social and economic well being of local communities and promoting social and economic justice through equality of opportunity.
The Social Economy includes:
A Social Enterprise is a business, engaged in some form of trading or service provision in order to bring people and communities together for indigenous economic development and social benefit.
Enterprise Focused - seeking to become self-sufficient, not grant dependent, by developing sustainable social economy activity to generate surpluses and reinvest these surpluses in the business or in the community.
Social Aims - explicit social aims such as job creation, training or provision of local services
"If you haven't heard the phrase social entrepreneurship before then you're missing a new force which is reshaping our society. It's about bringing a business eye to the problems of society, and then applying a business imperative to get things done. While profit is not the motive there are big prizes to won along the way. Newry & Mourne Enterprise Agency is a powerful force in building successful social enterprises.”
Sir Gerry Robinson discusses the social economy with NMEA's Stephen McClelland