The publication of the 2017 Social Enterprise census revealed that biggest growth in social enterprise numbers was in Fife. The report by Social Value Lab, on behalf of the Scottish Government, shows that Social Enterprises are making a growing contribution to inclusive economic growth of Fife’s economy with 59 new Social Enterprises starting up in Fife over the last two years, taking the total to almost 250, the 6th largest number of social enterprises per local authority area in the whole of Scotland.
Social Enterprises are a way of doing business that is focused on providing local solutions to local issues and with the profits reinvested into the business rather than distributed to shareholders. Across Scotland the contribution to the economy is calculated to be worth £2 Billion.
Fife Council’s economic development team have been working in partnership with BRAG Enterprises, BGFife and Fife Voluntary Action to provide comprehensive support to social entrepreneurs and community groups who wish to transition to becoming a social enterprise. The partnership is also well positioned to draw up on support from the national business support organisations.
This demonstrates the growing strength of the social enterprise community in Fife. The 2017 census results show social enterprises making a positive economic contribution, helping to reducing inequality, lifting people out of poverty and strengthening communities across Fife.
The Full census results can be found here:- Social Enterprise Scotland