What is community enterprise?
The UK has a long and proud tradition of community enterprise. The phrase ‘community enterprise’ goes back many decades, pre-dating the more recent concept of ‘social enterprise’.
Run by a community as well as for a community
Community enterprise is a significant sub-sector within the wider social enterprise sector.
It shares the same definition as social enterprise: an organisation trading for social purpose with profits reinvested rather than going to shareholders.
But a community enterprise is more specific in that it is based in, and provides benefits to a particular local neighbourhood or community of identity. A community enterprise is owned and managed by members of that community. It is an organisation run by a community as well as for a community.
Need help to set up and run a community enterprise?
If you would like support to set up and run a community enterprise, Locality can help.
Please contact our Head of Trading for the North, Neil Berry of Head of Trading South, Phil Tulba or visit our get support page.