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Support for social enterprises

Manchester Community Central Factsheets

Support and advice

Factsheet 11: Social enterprise – Social enterprises are businesses which have a clear social and/or environmental mission, which generates the majority of their income through trade and reinvest the most of their profits to tackle the problems they were set up to address.

Business advice – Manchester City Council provides free instant live chats with qualified business advisors and business support services for business start-ups delivered by MiVentures: www.manchester.gov.uk/businessadvice

One Manchester social investment strategy – One Manchester, are always looking at ways to support new and growing businesses, view their social investment strategy, here: www.onemanchester.co.uk/catalyst-fund

Social Investment
Big Society Capital: Get Informed offers practical support, guidance and information to help board members of charities and social enterprises understand the opportunities and risks of social investment: www.bigsocietycapital.com/get-informed
Good Finance: helps charities and social enterprises navigate the world of social investment: www.goodfinance.org.uk

Manchester Social Entrepreneurs meetups – The meetups focus on adding value by bringing like-minded people together to discuss their projects, ideas and opinions and help them make a change, find a passion, or enable their willingness to help: www.meetup.com/Manchester-Social-Entrepreneurs/

Blue Orchid – Business Start Up Support is a package of free business support offered to residents of Greater Manchester, Halton, Cheshire and Warrington who are looking to start up their own business or become self employed

Bolton Business Ventures – provides support to new business start-ups

The Training Brokers – offer training in apprenticeships, accredited training, short courses, bespoke training and consultancy


Registering as a Community Interest Company – for guidance on setting up a Community Interest Company (CIC), visit our Starting a group page

Charity Commission guidance on converting a Community Interest Company to a CIO – If you are a Community Interest Company (CIC) you can apply to convert directly to a charitable incorporated organisation (CIO)


Resources

Business and IP Centre Manchester – The British Library Business and IP Centre National Network provides entrepreneurs and SMEs across the UK with free access to databases, market research, journals, directories and reports worth thousands of pounds: www.bl.uk/business

Complete Business Reference Advisor COBRA https://askaboutbiz.cobwebinfo.com/ – Search COBRA to find business ideas, research a market and trade legally. Get started in changing career or being your own boss:
• Research your target market
• Write a business plan and understand how to apply your skills
• Find business support and funding providers in your local area

Setting up a social enterprise – guides from Gov.uk on setting up a social enterprise

Start your social enterprise guide by Social Enterprise UK – this guide takes you through the essentials, and focusses on the parts that are most important in a social enterprise

Big Issue Invest offer loans to social enterprises

Support for Community Businesses
Locality define a community enterprise as: ‘a business which is working to create and retain wealth and employment in a defined community of place (a neighbourhood) or of interest (a group linked by a common interest) and which is controlled by that community. A community enterprise trades on a ‘not for personal profit’ basis.’

Locality have templates, toolkits, legal guidance and other useful resources to help you start up and run your community enterprise. Click here to view the resources

Resources for community enterprises with an asset – If your community enterprise owns or manages land or buildings, or plans to, have a look at these useful resources to help you create a successful asset

Social Investment Explained – The aim of this guide, produced by Social Enterprise UK and the Big Lottery Fund, is to give you an overview of the UK’s social investment market and help you to work out whether and how it’s relevant to your organisation

What are community shares? An animated guide
Community Shares refers to the sale of shares in enterprises serving a community purpose. This type of investment has been used to finance shops, pubs, community buildings, renewable energy initiatives, local food schemes, along with a host of other community based ventures.