SOCIAL ENTERPRISE NEWS
Less than two weeks remain before the first ever index designed to track the growth and impact of social enterprises closes for its first year.
The RBS SE100 Index is a tool created by Social Enterprise magazine to put the facts and figures behind the great stories of social business.
It is backed by major sponsorship from RBS Community Banking and endorsed by the Office of the Third Sector, with support from partners across the social business arena.
By asking questions about organisations’ turnover and how they report their social impact it aims to find the star performers in the sector and reward them with prizes worth up to £50,000, including a trip to the 2011 social enterprise world forum in South Africa and cash prizes up to £10,000. Tailored consultancy packages are also up for grabs for the highest growth and the most effective measurement of social return category, and the best new contribution winner in terms of either social impact or growth.
Social Enterprise editor Tim West said: “We want the world to know that social enterprises are robust businesses doing great work to change lives and communities for the better – but stories alone are not enough.
“To be taken seriously, we need the facts. The RBS SE100 Index is providing the market intelligence to persuade investors, policymakers and procurers of public services just what social businesses are made of.”
The awards ceremony on 9 June will celebrate the top 100 performers in growth and those that are doing the most effective job of reporting their social impact. The event will see the launch of the first RBS SE100 data report, which will reveal how social enterprises are performing across regions and sectors like health and education.
Duncan Sloan, Head of Community Banking at RBS, said: “RBS has been committed to the social enterprise market in UK for over a decade, and we are thrilled to be driving this pioneering initiative. The Index, which is the first of its kind, will prove to be a really valuable benchmark for the entire social enterprise sector, and signing up or nominating an organisation couldn’t be simpler. We therefore urge all social businesses to get on board as soon as possible.”
While the index will be ongoing the first set of results will be collated on 31 March.
Organisations wishing to be considered for the first year’s index need to visit www.se100.co.uk before the end of the month
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