Features

Business Models: Part 1 - Social Enterprise - Giving back to the community

In the first part of a new series on the various business models available for childcare, Hannah Crown considers one of the fastest growing approaches - the social enterprise.

Early years private, voluntary and independent (PVI) providers come in multifarious forms. Government figures show that 30 per cent of the country's 16,700 nurseries are being provided by the voluntary, non-profitmaking sector (about 34,000 when creches, after-school clubs and other types of formal childcare are taken into account). Of these, about 2,100 are social enterprises, and the number is likely to be increasing.

According to Social Enterprise UK, the movement is fast-growing, with a third of all social enterprises three years old or younger in the UK. What's more, 38 per cent of social enterprises are led by women, compared to 19 per cent of SMEs, while 91 per cent of social enterprises have at least one woman on the leadership team.

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