# Government launches strategy to support social enterprise

- Link: https://fundraising.co.uk/2002/07/31/government-launches-strategy-support-social-enterprise/
- Published: 2002-07-31T23:00:00+01:00
- Author: Howard Lake

The Government has announced a new strategy to assist the development of social 
enterprises.
The Government has published “Social Enterprise: a strategy for success”
detailing how it plans to promote social enterprise in the UK.

The strategy includes a review of finance available to social enterprises by the
Bank of England, a social enterprise accreditation scheme, an award for the fastest
growing social enterprise in an inner city, and the promotion of understanding of
social enterprise amongst public sector staff responsible for procurement.

The government defines a social enterprise as “a business with primarily social 
objectives whose surpluses are principally reinvested for that purpose in the business
or in the community, rather than being driven by the need to maximise profit for
shareholders and owners.”

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