Social enterprises are defined as companies `with primarily social and/or environmental objectives, whose surpluses are principally reinvested for that purpose in the business or community rather than being paid to shareholders and owners'.
The Salford Star is a social enterprise, and there's loads all over the city, ranging from The Lowry to Start in Salford, to Helping Hands and the Langworthy Cornerstone. There's so many, that Salford has been designated as the North West's first Social Enterprise City, and there's going to be an open event this Wednesday 20th May at the University of Salford's Media City campus to showcase them.
Dozens of local social enterprises will be displaying their goods and services at the event, while there will also be special guests and a video appearance from Nobel Peace Prize winner, Muhammad Yunus, regarded as the godfather of social enterprises.
"It's fantastic that Salford is to be recognised as a Social Enterprise Place – a beacon of social enterprise activity" says Peter Holbrook, CEO of the campaigning body Social Enterprise UK "Salford is re-injecting life into local communities across the city, creating opportunities, local wealth and changing lives for the better. Social enterprises trade to tackle some of the greatest challenges we face, from unemployment to food waste. The UK is home to the largest and fastest growing social enterprise sector and Salford is leading the way..."
Social Enterprise City Launch
Wednesday 20th May 4pm-7pm free
University of Salford's Media City Campus
Salford Quays, M50 2HE
The event, being promoted by Salford Business Group, is free and open to everyone. Email events@thebusinessgroup.org or call 0161 278 2519 for more details.
To find out more about social enterprises see www.socialenterprise.org.uk/social-enterprise-places
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