Not-for-profit organisations have traditionally received much of their funding from the state, individual donations and grant makers. However, in recent years there has been less public money and more competition for it. What has grown is social enterprise. This is simply selling your knowledge and or services. This can be directly to customers or via a contract with a commissioner.
Most not-for-profit organisations have knowledge and services that they could sell, though not necessarily to their traditional beneficiaries.
If you are a charity you do not necessarily have to change your legal structure to earn income through trading. However, there is also a newer legal structure, a Community Interest Company (CIC), which was set up to aid social enterprise trading. CICs have their own regulator
Social enterprise is about trading activity, not about the legal structure of the organisation.
You might also like to …
- Contact us for information about the support services we can provide.
- These include programmes delivered through the School for Social Entrepreneurs – Hampshire.