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Intelligent journalism for
Issue: #09 PIONEERS POST QUARTERLY social entrepreneurs, impact investors
and responsible business leaders
SOCIAL INVESTMENT GUIDE WE’RE NOT SMALL OR FLUFFY TAKING OFF IN THE PHILIPPINES
— — —
Thought-provoking features; Social enterprise is a serious contender, A new wave of young social entrepreneurs
A-Z of key players says sector veteran Jonathan Bland is tackling social challenges
2 | PPQ
CONTENTS
REGULARS
EDITOR'S LETTER ⁄ 06 NEWS DIGEST / 07 MY MEDIA / 09
What feminism means to us Social impact bonds reach ‘global Buzzacott’s Eddie Finch says he is a
mass’, dormant assets released, bit Gen X with his news habits
and much more
OPINION ⁄ 12 WHAT’S HOLDING YOU INTERVIEW / 20
BACK? / 14
Social enterprise veteran Young Foundation chief executive
CONTENTS
Jonathan Bland says outsiders What social entrepreneurs need to Helen Goulden reflects on her
need to realise the true understand about Feminism 4.0 current leadership challenges
—
potential of social enterprise
SOCIAL ENTERPRISE GLOBAL FOCUS: DAY IN THE LIFE / 82
WORLD FORUM ⁄ 22 THE PHILIPPINES / 27
David LePage oversees the launch
It’s coming home: SEWF A fast-growing economy but of a new social enterprise
2018 will be in Edinburgh in entrenched poverty. Social
September enterprise can help
PPQ | 3
CONTENTS
THE PIONEERS POST SPECIAL GUIDE TO SOCIAL INVESTMENT
INTRODUCTION ⁄ 33 SOCIAL INVESTMENT AND GRANT-MAKING
SYNERGIES ⁄ 43
Presenting our thought-provoking features and A-Z guide
Philippa Charles’s perspective as a social investor and grant
maker
FOREWORD ⁄ 34
Mark Parsons welcomes you to the Heath Robinson-esque A NEW OPPORTUNITY FOR EVERYDAY
world of social finance INVESTORS ⁄ 44
Why Triodos is into crowdfunding, by Bevis Watts
THE SOCIAL INVESTMENT JOURNEY ⁄ 35
Nick Temple has some reasons to be cheerful PROFESSIONAL WOMEN WANT TO INVEST
POSITIVELY ⁄ 45
WHY WE MUST EMBED THE SOCIAL IN Jessica Robinson looks at financial feminism
SOCIAL INVESTMENT ⁄ 36
The social investment scales are weighted too heavily towards A GUIDE THROUGH SOCIAL INVESTMENT ⁄ 46
the elite, says Niamh Goggin
Kieran Whiteside introduces Good Finance
DEBUNKING THE MARKET RATES OF
RETURN MYTH ⁄ 39
HAS SPRING ARRIVED FOR GENDER
Abhilash Mudaliar looks back at 10 years of impact investment EQUALITY IN SOCIAL INVESTMENT? ⁄ 48
Jessica Brown points out that social investment needs to look at
INSPIRING SCOTLAND: 10 YEARS ON ⁄40 how it represents women
An insight into a decade of work in venture philanthropy, by
Celia Tennant A SOCIAL FINANCE APPLICATION
CHECKLIST ⁄ 50
THE EMOTIONAL HEDGE: THREE LESSONS Your social lender is on your side, explains Mark Parsons
FOR INVESTORS ⁄ 42
We invest for different types of return, explains James Lawson THE SOCIAL INVESTMENT A-Z ⁄ 53
The Pioneers Post guide to social investors and advisors in the
UK; your social investment journey starts here
4 | PPQ
EDITORIAL THE EDITOR’S LETTER
Tim West, Editor
tim@pioneerspost.com
“C
Julie Pybus, Commissioning laim your successes.”
editor, julie@pioneerspost.com This was the advice of Belu chief
executive Karen Lynch at October’s launch
Editorial team: Ellie Ward, of the WISE100 list of the most influential women in
Caroline Hailstone, Jessica social enterprise, impact investment and social innovation.
Hailstone, Sasha Gallick So I’m going to use this slot in a magazine that’s being read by hundreds
of people across the world to shout out that we’re really proud of this issue
DESIGN of Pioneers Post Quarterly. It looks fantastic, it’s packed with great articles and
Fanny Blanquier – what’s more – it’s been largely put together by a team of women (see the
Silvana Camacho masthead on the left).
The Pioneers Post team launched the WISE100, in partnership with the
PARTNERSHIPS & NatWest SE100, back in October. It’s a new network to celebrate women’s
SUBSCRIPTIONS achievement and encourage peer-to-peer support. It seemed timely as, then,
Simone van Klaveren the accusations against Harvey Weinstein were just beginning to surface
simone@pioneerspost.com and it was becoming clearer that we couldn’t take for granted that even
the most powerful women in the world weren’t immune from harrassment.
Astonishingly, events have snowballed since, with new stories highlighting the
truth of women’s inequality across the world surfacing every day.
CONTACTS It’s crucial that we don’t assume that because we’ve got the word ‘social’
news@pioneerspost.com in our name that social enterprises are guaranteed to be great places for
ads@pioneerspost.com women to work. Our interviews with a selection of our WISE100 women
subs@pioneerspost.com from page 14 reveal that the spectres of discrimination, self-doubt and being
T: +44 (0)20 3941 2400 undervalued haunt many of us, whichever career ladder we choose to climb.
Perhaps more worryingly, a quick chat I had with some female colleagues
Sign up for our weekly newsletter – who are mostly younger than our WISE100 interviewees – echoed these
and access thousands of articles, themes. They report experiencing sexism, harassment and mansplaining
videos and podcasts online and they think that it might be harder for them get to the top in their careers
pioneerspost.com than men. On the other hand, they argue that being aware of these threats
means that they are better armed to fight against them.
Find us on social media Feminism 4.0 is up and running – and we in the world of responsible
@PioneersPost business must join in rather than let it pass us by. Not only can we ensure that
women of all ethnicities and abilities are treated fairly in our workplaces, but
also we should continue to recognise that the activities that many fantastic
social enterprises carry out around the world can have a positive impact on
Annual subscription:
women’s lives.
Print + Digital £100
That’s why our cover reminds us of the women who fought so bravely
Digital only £48
in the past for their – and our – rights. We need to honour their legacy and
finish what they started. We’re all feminists now, right?
Issue #09 Printed in March 2018
JULIE PYBUS, COMMISSIONING EDITOR
Cover: Suffragettes, 1921, New York Times; Suffragette arrest, London, 1914, Bibliotheque
nationale de France; British suffragette with poster, c 1919, George Eastman Museum; Sylvia
Pankhurst protesting, England, 1932, Nationaal Archief; Black Panther rally, 1968, USA, Pirkle
Jones/Ruth-Marion Baruch P7 Sheffield, Neal Theasby, licensed for reuse under Creative
Commons P22 Social Enterprise World Forum 2017 photographers
©2018. Published by London Fields Publishing Limited, company no: 6497702, a company
majority owned by Pioneers Post CIC. Correspondence address: 62 Hatton Garden, London
EC1N 8LR. Registered address: 40-44 High Street, Northwood HA6 1BN. No part of this
publication may be reproduced in any material form without the written permission of the
copyright owner except in accordance with the provisions of the Copyright, Designs and
Patents Act 1988 or under terms of a licence by the Copyright Licensing Agency Ltd, 6-10
Kirby Street, London, England EC1N 8TS. ISSN 2399-9756 (print), 2399-9764 (online).
NEWS DIGEST
In case you missed them, we round
up some of the news highlights
from the past few months…
NEWS DIGEST
—
100+ SOCIAL IMPACT BONDS SHEFFIELD BECOMES A
RAISE $400M WORLDWIDE SOCIAL ENTERPRISE CITY
Social impact bonds have now Sheffield is now a ‘Social Enterprise
reached ‘global mass’, according to the City’, an award granted by Social
organisation that pioneered the first one in Enterprise UK that recognises it
Peterborough in 2010. as a hotspot of social enterprise
The Social Finance Global Network, activity.
which incorporates operations in the There are now 24 ‘Social
UK, the US and Israel, announced on Enterprise Places’ – regions,
30 January that there are now 108 social cities or towns – across
impact bonds in 24 countries listed on its England and Wales, plus
global database. one in Veneto in Italy and
Collectively, the bonds have raised another in Auckland, New
$392m in capital to reach more than Zealand.
700,000 people. Darren Chouings of the
David Hutchison, CEO of Social Sheffield Social Enterprise
Finance UK, said: “I am delighted that Network said he was thrilled that
the model we developed in Peterborough Sheffield had been awarded the title.
has gained so much traction. We are now He explained the Sheffield Social
seeing it adapted to support migrants Enterprise Network aims “to increase
in Finland, cancer survivors in the awareness of the value created by our local
Netherlands and newborns in South social enterprises and provide new ways to
Carolina and India.” support them in their work.” Social enterprise is helping Sheffield to
thrive once again
PPQ | 7
SOCIAL INVESTORS WILL
“INNOVATE AND BREAK NEW
GROUND” WITH DORMANT
ASSETS MONEY
£135m will be made available for social
investment over the next four years from
forgotten bank and building society
accounts, the government has announced.
Civil society minister Tracey Crouch
announced on 4 January that a decision
had been made about how to spend a total
of £330m of money that has been left
untouched in bank and building society
accounts for more than 15 years.
Of the £330m, £280m will be spent
in England. A total of £135m will go to
social investment via social investors Big
Society Capital and Access, the foundation
for social investment. However, only £35m
of this is newly announced money; the
other £100m fulfils former prime minister
David Cameron’s £400m commitment to
Big Society Capital.
Cliff Prior, CEO of Big Society Capital,
said that some of the money would be used
to try more innovative approaches
This leaves £50m which will be
distributed in Scotland, Wales and
Northern Ireland.
Shadow civil society minister Steve
Reed called on ministers to take action to
Left to right: Rahul Nainwal and Priya Modi, co-founders of the Social Enterprise Academy
decide the fate of further billions which
India with John Swinney, Scotland’s deputy first minister at the launch of the Social Enterprise
remain in dormant savings and investment
Academy India
products.
Former civil society minister, Rob
SCOTLAND AND INDIA TEAM In fact, Scotland is now considered a world Wilson, claimed on Twitter that the
UP TO SUPPORT SOCIAL leader in the support and development of Reclaim Fund, which holds the money, was
ENTERPRISES social enterprise. “overly cautious”.
The Social Enterprise Academy, founded “Taking this approach to India, where
in Scotland, has launched its first base the growth of social enterprise has been SOCIAL ENTERPRISE SHOULD
in India with support from the Scottish rapid over the last few years, brings mutual BE THE RESPONSIBILITY OF
Government. benefit to both countries. BEIS, SAYS SEUK CEO
Deputy first minister John Swinney “Knowing the potential that social Social enterprise should be the
formally opened the Social Enterprise enterprises have to empower and transform responsibility of the Department for
Academy India, which is based in communities, this is an investment in the Business, Energy and Industrial Strategy
Mumbai, at a ceremony in December. future of India. But also, with the very (BEIS), said CEO of Social Enterprise UK
Swinney said: “With over a decade of different challenges faced by Indian social (SEUK) Peter Holbrook, in response to the
experience in developing social enterprise entrepreneurs, there is much Scotland can government’s Industrial Strategy which
in Scotland, it is our responsibility as a learn in return.” was published in November.
good global citizen to share what we have The Social Enterprise Academy, The responsibility for social enterprise
learned. Examples such as Brewgooder based in Edinburgh, now operates in ten strategy in the UK falls within the remit of
show the success our approach is having. countries. the Office for Civil Society (OSC), which
8 | PPQ
in July 2016 was transferred from the Cabinet MY MEDIA
Office to the Department for Culture, Media
and Sport (DCMS). The minister for the DCMS
is Tracey Crouch MP.
Holbrook said: “Despite the energy and EDDIE FINCH
ambition of our new minister, it appears clear PARTNER, CHARITY AND
the Office for Civil Society is unable to exert NOT-FOR-PROFIT TEAM,
any influence over BEIS for the benefit of the BUZZACOTT
sector and wider society. It is time to move
responsibility for social enterprise to BEIS
so that our voice can be heard and our ideas NEWSPAPERS
considered.” The recent Presidents Club and Oxfam stories both underline
ongoing risks that my clients will need to address, so being
JEREMY NICHOLLS TO LEAVE aware of current events is important for my work, but I’m also
SOCIAL VALUE UK personally interested in politics and social challenges.
Jeremy Nicholls, will step down as chief My news habits are very Gen X, so I go to the same sources
executive of Social Value UK and Social Value as before, but in digital rather than print. I dip in and out
International in June this year. throughout the day, browsing the headlines but spending most
In a statement, Mr Nicholls said he didn’t time in the opinion sections or reading about the ups and
have any immediate plans for the future downs of Arsenal Football Club.
although he hoped to stay involved in the arena. I get drawn into below-the-line “discussions” far too often;
He said: “It’s very difficult to step down though at their best that leads me to re-examine my own
for a role that I love and from leading the view on a subject. The past few years have been especially
organisations which I helped start and have challenging on that front – a lot of what seemed to be common
grown over the past decade. ground has been eroded.
“I don’t have any immediate plans for the
future, although my interest in the network’s RADIO
long-term goals of reducing inequality by 6 Music was a great support during recent difficult times. Most
changing the way the world accounts for value memorable for me was the death of David Bowie. I was slowly
remains as strong as ever and I hope to stay recovering from intensive medical treatment at the time, so it
involved.” felt like an especially cruel twist. But the fantastic response of
the station and its listeners still raises a bittersweet smile.
CLAIRE DOVE BECOMES CROWN
REPRESENTATIVE FOR SOCIAL MUSIC
ENTERPRISE AND VOLUNTARY Music is the thread that brings the different parts of my life
ORGANISATIONS together, and memories I have of student days and meeting
Claire Dove, WISE100 woman and former my wife are linked to future plans by the same songs. I also
Social Enterprise UK chair, is the new crown attempt to recreate the magic on my guitar, about which the
representative of the voluntary, community and less said the better.
social enterprise sector.
A government announcement in February TELEVISION
stated that her role will be to work alongside So much of my day is spent digesting information and thinking
government departments and the Crown things through, so I just want to be entertained when I settle
Commercial Service to strengthen the sector, down on the sofa. Others encourage me not to watch political
support the upcoming Civil Society Strategy or debate programmes (especially Question Time) as I’m
and encourage voluntary, community and prone to shouting at the TV.
social enterprise organisations to operate more My wife and I spent several years ruing that we’d missed
commercially. the boat for Game of Thrones. There was far too much to
Ms Dove said: “It’s an honour to take on this catch up on to be able to join in the chat. But we finally gave it
role. Millions of people benefit from the work a go in August last year and two months later found ourselves
that charities and social enterprises do and I wondering how we can last until 2019 as we’d devoured all
cannot wait to get started to ensure this sector seven seasons.
continues to go from strength to strength.” ■
THE MOST POPULAR ARTICLES ON PIONEERSPOST.COM IN 2017
The Pioneers Post website is packed with articles, films and
videos – which all help you do good business better.
NEWS AND VIEWS BUSINESS SCHOOL
Top social enterprise women celebrated at WISE100 launch New year’s resolutions for social entrepreneurs
100 leading women in the social enterprise world were Leadership expert Liam Black offers some pointers for resolutions
celebrated in October. (See page 14 for more) for 2017. Did you achieve them?
Wholly sustainable social enterprises are a myth Impact measurement: fake news or essential to business?
Alastair Wilson provoked reaction with his argument that most This Pioneers Post special report examines the latest attitudes
social enterprises just aren’t set up for major commercial success. towards impact measurement among social enterprises.
Social enterprises in Africa rise to new challenges Ten things to know when starting a social enterprise
As the Enterprise Summit began in Accra, Ghana, in March, NatWest’s Mark Parsons gives his list of the first steps that social
we looked at a trio of inspiring social entrepreneurs in Africa. entrepreneurs need to take.
Time to change Theories of Change? How hard are you prepared to work to make a difference?
‘Theories of change’ is an esoteric topic, but social impact guru Ever wondered what it’s like to lead a social enterprise that scales
Jeremy Nicholls’ explanation was a winner. up when it gets investment? It could be tough.
Achieving gender equality through social enterprise Make time for real learning and development
The British Council published new research about the role of Attract the best talent to your social enterprise by emphasising how
social enterprises across the world in women’s empowerment. much you prioritise opportunities for your employees to learn.
(See page 14.)
VIDEOS AND PODCASTS
Seven lessons for social impact measurement
Our fantastic film about how you can carry out social impact measurement more effectively.
SE100 Trailblazing Newcomer: Change Please
Coffee with SE100 award-winner Change Please.
The 2016 Social Enterprise World Forum: a look back
Our review of the best bits of the 2016 Social Enterprise World Forum in Hong Kong.
SEWF returns to Scotland for its tenth anniversary
The Social Enterprise World Forum returns to Edinburgh in 2018. This film looks forward to its homecoming.
SE100 Impact Champion: Manor House Development Trust
Manor House Development Trust in London is brilliant at measuring its impact. Find out more in our film.
10 | PPQNEWS
NEW SUPPORT FOR CREATIVE
ENTERPRISES
A programme launched this spring by the British Council will support creative and social
enterprises in six countries. The British Council’s Adam Pillsbury explains
and creative economies in the participating international partnerships in two stages.
countries to enhance our understanding DICE takes an innovative, hybrid
of the contributions these sectors make approach which draws on and advances the
to sustainable and inclusive growth. We UK’s globally recognised leadership in the
will also produce a report on UK social creative and social economies to address
and creative enterprises that operate entrenched social problems and support
in emerging economies. It will identify progress on the SDGs.
the barriers and opportunities for such The programme will be managed by
NEWS
organisations to work internationally and the British Council’s new ‘Arts and Society
—
offer recommendations to support more of Unit’, which brings together dynamic teams
them to export, franchise or work overseas. delivering some of British Council’s most
In addition, DICE will provide pioneering work to address major global
funding for a range of interventions challenges. ■
T
he British Council is launching by UK ‘intermediary organisations’
an ambitious programme called (such as accelerators, impact hubs and
Developing Inclusive and Creative higher education institutions) and social
Economies (DICE) that will promote enterprises working with counterparts in
sustainable and inclusive development in the five countries to address the issues of
the UK and five key emerging economies unemployment and unequal economic
– Brazil, Egypt, Indonesia, Pakistan, South growth. Investment will focus on actions
Africa – by supporting the development of that empower women and girls, foster DICE will be launched in London on 14
creative and social enterprises. youth employment and support people with March at The Crystal – one of the most
The programme will be co-designed and disabilities and other marginalised groups. sustainable buildings in the world. The
co-delivered by UK sector organisations The funding will be offered in two stages. event will bring together a remarkable
working with counterparts in these countries On 1 April the British Council will solicit group of people from the UK and
and will operate at policy, institutional and applications from UK organisations for the five DICE economies to explore
individual levels. ‘Scoping and Business Development’ grants opportunities for collaboration in the
Through DICE, we will engage with worth £3,000-£5,000 each and those that social and creative economies in order
policymakers and key influencers to help are successful will then be eligible to bid with to reduce inequalities, empower women
participating countries identify systemic an overseas partner for a ‘Collaboration’ and girls, foster youth employment and
barriers and promote legislation, strategies grant to co-develop and co-deliver an support people with disabilities.
and funding that enable social and creative intervention. In total, 20 collaboration Keep reading Pioneers Post online
enterprises to flourish. grants of up to £25,000 and five grants of for more news as this programme
We will commission surveys on the social up £50,000 will be made available to UK/ develops.
PPQ | 11OPINION
GREATER EXPECTATIONS
Social enterprises aren’t just small and fluffy, and that shouldn’t be news to civil
servants and others, says Jonathan Bland. But widespread beliefs about social
enterprises’ limitations damage their ability to reach their potential
R
ecently, I had a conversation with a UK civil servant
working on the new civil society strategy who was
surprised to hear about social enterprises with hundreds
of millions of pounds turnover. Like many others, their view of
social enterprise was as a small-scale undertaking, consisting of
local communities banding together to repair a broken window at
the train station or save the village shop. Ever since the Cameron
coalition consistently lumped together social enterprise with the
voluntary and community sectors in the “Big Society”, a cuddly
picture has been painted of social enterprise as a whole.
While it is great that positive impact on a small scale is taking
place, this viewpoint couldn’t be farther from the truth. Following
incredible developments in the sector over the past 20 years, viewing
social enterprise as a serious contender in business shouldn’t be new
news. The widespread view of a small and fluffy social enterprise
creates a huge danger: limiting our beliefs imposes limits on what
we can do with it. If we start also paying more attention to the
success stories of social businesses like HCT, London Early Years
Foundation and Catch 22, the potential that large-scale social
enterprise has to impact society and the way it functions becomes
blindingly clear. We must create a stronger ecosystem, of large
and small, which together can create a viable alternative for public
services.
THE PAST 20 YEARS
Jonathan Bland: We’ve come a long way since 1998, but there is
We’ve come a long way since I started with Social Enterprise
much more to do
London in 1998 and then helped set up Social Enterprise UK
in 2002. I had previously been working for the co-operative
movement in Spain, and when I came back there was a buzz minister, and then when she was made trade secretary she
around this new idea for business, which fitted nicely with followed through on her promise to do more about social
the Blair government’s search for a ‘third way’. A group of enterprise. With wider government support we put in place a lot
us started to bring together all sorts of businesses which were of the architecture for social enterprise that we still have today.
trading for a social purpose into a cohesive whole, building Two important things happened during that time. Firstly, people
a wider understanding and vocabulary around what it was. came together from the different parts of the social enterprise
We were successful in influencing Patricia Hewitt as a junior movement – the co-ops, the social firms, the community enterprises
12 | PPQ– and started to work with businesses like the Big Issue to create by companies that aren’t there for public benefit, but to drive
a common language. Secondly, the government recognised social shareholder dividends. We need to make a clear case for social
enterprise in its policies, viewing social enterprise as a solution to enterprise in public services Public services should not be about
a range of challenges. This led to the idea of community interest building shareholder value, but about delivering for a social
companies, there was increased investment in social enterprise and purpose.
the government introduced the Right to Request programme to
encourage employee-led social enterprises in primary care. This was THE SOLUTION
idea was then picked up by the Coalition government in the Public Social enterprise can be a major alternative route for public
Service Mutuals programme. services, but I’m not holding my breath for policy change to make
Universities became more involved with social enterprise, that happen. Instead, I’m putting my faith and efforts in two
and we now have a number of support organisations for new areas. There is huge enthusiasm among young people in the idea
social entrepreneurs. More recently, there has been a big push of social enterprise. We must empower young people with the
on social investment with the creation of Big Society Capital and tools and knowledge to make the change themselves.
the introduction of a tax relief for investment in smaller social In Italy, the saying goes that small things come together in a
enterprises. In 2012, the Social Value Act was passed which is an big way: scaling up also requires engaging people at a local level to
important lever with public authorities for the possibilities of social make big things happen. At E3M, a network of social enterprise
enterprise. leaders and ‘bold commissioners’, we are engaging public service
A more subtle shift shows its face now when I’m sitting in a commissioners to help them better understand the potential of
pub or cafe. I often overhear social enterprise in the conversations social enterprise. We’re also working with smaller organisations, and
around me – that wouldn’t have happened 20 years ago. Prime we expect them to have a knock-on effect to the other organisations
ministers have talked about it, and it’s been put into the public around them, sparking change throughout the UK.
realm; there is a level of awareness now that wasn’t there before. There are plenty of ways to scale up social enterprise, and make
the government take notice. What we must remember is what
A LONG WAY TO GO social enterprise isn’t. What it isn’t is just a community scheme
However, there remains a sea of confusion about what social looking after the local park, or fixing broken windows. It’s a serious
OPINION
enterprise actually means.Having worked abroad, I can see the alternative to big business, and until people start to realise that, it
broad definition of social enterprise we have in the UK is not will never achieve what it set out to do.
—
necessarily a bad thing. Nonetheless, we often forget the enterprise
part of social enterprise. This confusion has led to the diminished
understanding of the potential and needs of running social
enterprise at a large scale. Jonathan Bland is the founder of Social Business International. After working
It is true that a number of larger social enterprises started out in the co-operative movement he led Social Enterprise London and Social
as local charities or community organisations such as Bryson in Enterprise UK. He has worked extensively with British governments and the
Northern Ireland, London-based Catch 22 and Kibble in Scotland. European Commission to create a social enterprise-friendly policy infrastructure,
Understanding how that takes place, however, often requires a total enabling major changes in the fields of public service innovation, enterprise and
turnaround of trustees since there will be a different culture and employment. He currently leads E3M, a network of social enterprise leaders and
skill set needed. “bold commissioners”, working to support social enterprise innovation in public
But there is a range of other ways in which social enterprises services. Jonathan Bland was speaking to Jess Hailstone.
develop. Mutual spin-outs of public services, for example, often start
large with a brilliant public service ethos, but might need assistance
with the commercial side. Social enterprises set up from scratch
often begin in incubators and need help to grow. Private companies
can also be ‘socialised’ – bought out by the community or by social
organisations – and will require new social enterprise leadership.
Such organisations are poorly understood by the government,
which in the wake of Brexit appears to have abandoned the notion
of social enterprise entirely. The government’s conflation of social
enterprise solely with the voluntary and community sectors lets off
the hook those in the department for business and the Treasury for
viewing it as a serious part of our economy.
We’ve seen through problems with Carillion and other large
private outsourcers how public services have been harmed
PPQ | 13WOMEN IN SOCIAL ENTERPRISE
WHAT’S HOLDING YOU BACK?
The social enterprise sector is a great place to be a woman, right? There’s no
discrimination, your views are respected and you stand every chance of making it to the
top. But, wait, the Pioneers Post reporting team reveals that it’s not that simple
I
n recent years, we’ve become used companies have a woman at the helm.
to hearing that women are better “Social enterprise,” the report
The Women’s Library Collection
Suffragette chained to railings,
represented as leaders in social enterprise noted, “is showing itself to be
than in mainstream business. the natural home of the female
In 2011, the NatWest SE100 Index (run entrepreneur.”
by Pioneers Post) demonstrated that 45% of Go to any event for social
senior management team members were entrepreneurs and you’ll see that this
female. And last year’s State of the Sector world is certainly not the preserve
research from Social Enterprise UK showed of the stale, pale and male. It will
that 41% of social enterprises in that study be vibrant with a diverse mixture of
were led by women. This, the researchers people. At events like these, women Should we congratulate ourselves then,
highlighted, compared favourably with take the podium to share their wisdom for disrupting the status quo, for creating an
UK mainstream small and medium sized and network with peers from all environment where women can make it to
enterprises which are only 20% female- backgrounds. Here we have equal the top (nearly) as much as men?
led. What’s more, only 7% of FTSE100 opportunity in action, don’t we? Maybe not.
The ground is shifting beneath
our feet right now. Trump’s misogyny,
Weinstein’s wandering hands, #metoo
and big corporations’ gender pay gaps
have demonstrated that women aren’t
as safe, secure and successful as many of
us assumed. And stories about abuse of
National Association Against Woman Suffrage
women and outright sexism by staff at major
charities mean the fault lines are coming
closer. This is no time for complacency.
headquarters, Library of Congress
For the first time in many years, gender
equality is big news. Feminism 4.0 is
making a noise. If the rest of the world is
re-examining its attitudes towards women,
then social enterprise should too. This is
something that we feel strongly about at
Pioneers Post, and over recent months we’ve
been actively involved in trying to make a
positive change.
14 | PPQWISDOM FROM THE WISE100
I
n October, Pioneers Post and the NatWest ROSIE GINDAY GEETHA RABINDRAKUMAR
SE100 Index launched our WISE MANAGING DIRECTOR, MISS MACAROON HEAD OF ENGAGEMENT,
(Women in Social Enterprise) 100 project. BIG SOCIETY CAPITAL
This is the first ever index to recognise 100
inspiring and influential women in UK
social enterprise, impact investment and
social innovation.
Our aim with the WISE100 is to
celebrate the success of women in social
enterprise and to create a new network of
leaders as well as driving forward positive
1. WHAT’S THE BIGGEST CHALLENGE OR 1. WHAT’S THE BIGGEST CHALLENGE OR
change throughout our sector and in other
DIFFICULTY YOU’VE FACED AS A WOMAN IN DIFFICULTY YOU’VE FACED AS A WOMAN IN
sectors too.
YOUR CAREER? YOUR CAREER?
Speaking at the event, Belinda Bell,
My own self-limiting beliefs! I’ve become I think things have changed enormously for
programme director of social venture
more aware of these as the social enterprise the better during my career. In my early days
incubator Cambridge Social Ventures at the
has grown and I’ve counteracted them with at work, I’d hear views expressed by men in
University of Cambridge Judge Business
WOMEN IN SOCIAL ENTERPRISE
expanding my knowledge and accessing leadership roles about whether women could
School, said: “When we build publicity for
support. Whether that’s challenge from my ever reach parity in management, which would
women in the way we are doing tonight,
enabler at NatWest’s Entrepreneurial Spark be totally unacceptable now. Personally, I would
when we challenge the inequalities that we
programme, peer mentoring from fellow social have liked to see more non-white women role
face as women, that also opens up space
entrepreneur Melanie Glass at Devenishgirl models during my career, to show that leaders
the challenge other inequalities around
Bakery, educating myself on the Goldman don’t all need to be cast from the same mould.
sexuality, race, class and all the rest.”
—
Sachs 10,000 Small Business Programme or 2. WHICH WOMAN LEADER OR CAMPAIGNER
In January, the UK commemorated
asking for help from the very talented and DO YOU MOST ADMIRE AND WHY?
the 100th anniversary of the first women
supportive board at Miss Macaroon, I’ve I’m inspired by the role of women who are not
gaining the vote, so we got in touch with
always found people to help me to see what I’m in positions of power, but who show leadership
a some of the WISE100 women to ask
capable of. and work collectively to bring about change.
them about role models, campaigning and
2. WHICH WOMAN LEADER OR CAMPAIGNER For example, the sewing machinists at Ford’s
their experiences of discrimination. Their
DO YOU MOST ADMIRE AND WHY? plant in Dagenham whose campaigning helped
answers give an insight into their unique
I most admire Anita Bhalla who worked years to bring about the Equal Pay Act in 1970. Or
experiences of climbing the social enterprise
ago to combat violence against women and Jayaben Desai who led the strikers in saris 40
ladder.
girls by running one of the first hostels for years ago to stand up for immigrant workers’
Asian women in Handsworth, Birmingham. rights at the Grunwick film processing factory.
She went on to set up the BBC Asian Network 3. WE’RE NOT ASKING YOU TO THROW
and became the head of BBC political and YOURSELF UNDER A HORSE, BUT WHAT ONE
community affairs in England. She changed the ISSUE WOULD YOU CHAIN YOURSELF YOU
conversations around BME women in public THE RAILINGS OF PARLIAMENT FOR?
positions and made it much easier for those Sometimes joining a demonstration has felt
who are following in her footsteps. like the only way to channel my need to take
3. WE’RE NOT ASKING YOU TO THROW action, and I’ve been on plenty of demos in my
YOURSELF UNDER A HORSE, BUT WHAT ONE time – from the global Make Poverty History,
ISSUE WOULD YOU CHAIN YOURSELF YOU to a protest at the treatment of Tamil civilians
THE RAILINGS OF PARLIAMENT FOR? at the end of the Sri Lankan civil war. Is there
Equal opportunities for young people. All one issue worth being chained for? I think
young people from various walks of life should freedom of expression, as we can’t possibly fix
See pioneerspost.com for more about the WISE100
have the same opportunity to achieve their the structures and systems that support other
and the entire list of members. Reporting team:
potential which unfortunately is far from reality. rights without it.
Sasha Gallick, Jess Hailstone, Caroline Hailstone.
PPQ | 15JULIE BAKER MURSAL HEDAYAT ANNA WHITTY
HEAD OF ENTERPRISE, NATWEST FOUNDER, CHATTERBOX CEO, ECT CHARITY
1. WHAT’S THE BIGGEST CHALLENGE OR 1. WHAT’S THE BIGGEST CHALLENGE OR 1. WHAT’S THE BIGGEST CHALLENGE OR
DIFFICULTY YOU’VE FACED AS A WOMAN IN DIFFICULTY YOU’VE FACED AS A WOMAN IN DIFFICULTY YOU’VE FACED AS A WOMAN IN
YOUR CAREER? YOUR CAREER? YOUR CAREER?
As a female leader in the financial services I have certainly been treated differently from Being underestimated. My mother channelled
industry, you can often feel like an outsider as my male peers. I was once in a meeting with her energies into my younger brother and
a minority in a room full of men; you can be two male clients who very much undermined didn’t see the need for me to go to university,
excluded from the conversation and can end the value I was bringing to their organisation. let alone study maths. I’ve had colleagues who
up feeling unheard and undervalued. It takes Despite having just agreed to purchase didn’t want to see my potential as a CEO,
courage to stand up, take yourself out of your £7,000-worth of services, they also made a never mind a successful one. I’ve experienced
comfort zone and be heard, and that is exactly comment about my appearance which was underestimation from a variety of other people
what you need to do. Be confident in yourself both infuriating and, in a way, delightful. They too that I have met over the years.
and share your experiences and views as your underestimated me so much, and still were However, my philosophy has always been
contribution is as valuable to your organisation taking this valuable service that I created to use “underestimate me at your peril”. I’ve never
as anyone else’s. for their benefit. It was a bittersweet moment. felt the need to prove myself because hopefully
2. WHICH WOMAN LEADER OR CAMPAIGNER I’ve also had to fight against the urge to think my results speak for themselves and I have been
DO YOU MOST ADMIRE AND WHY? small. The men I see in the start-up space are lucky to have good mentors who have given me
I am going to give two names. Emmeline aiming to raise millions of pounds with just confidence.
Pankhurst for her determination, courage one idea. The females I see have solid business 2. WHICH WOMAN LEADER OR CAMPAIGNER
and legacy, especially in this anniversary year. plans, that generate predictable revenue, while DO YOU MOST ADMIRE AND WHY?
Christine Legarde, a trailblazer in breaking they are afraid to raise even £100k or scale Michelle Obama – I love her. She’s a great role
so many glass ceilings in the finance industry. globally. I think having strong female leaders to model for women and a brilliant example of
She’s a visionary, a safe pair of hands steering look up to who are continually breaking limits someone who has never let her disadvantaged
the world back to safety after the financial crisis is helping break that tendency though. background be a barrier. Through her unique
and a most inspirational role model. 2. WHICH WOMAN LEADER OR CAMPAIGNER position, her whole purpose was about ensuring
3. WE’RE NOT ASKING YOU TO THROW DO YOU MOST ADMIRE AND WHY? young people – but especially girls – attain their
YOURSELF UNDER A HORSE, BUT WHAT ONE Karen Lynch, the CEO of Belu Water. I had potential through education.
ISSUE WOULD YOU CHAIN YOURSELF YOU the good fortune to meet her once to get advice 3. WE’RE NOT ASKING YOU TO THROW
THE RAILINGS OF PARLIAMENT FOR? on Chatterbox’s business model. Seeing how YOURSELF UNDER A HORSE, BUT WHAT ONE
Ensuring all girls, whatever their background, intelligent and experienced a businesswoman ISSUE WOULD YOU CHAIN YOURSELF YOU
are given access to the right role models and she was made me really up my game. THE RAILINGS OF PARLIAMENT FOR?
support networks so they have the opportunity 3. WE’RE NOT ASKING YOU TO THROW I am an advocate for more subtle forms of
to be well educated, gain confidence and be YOURSELF UNDER A HORSE, BUT WHAT ONE campaigning than this. We are currently
successful. ISSUE WOULD YOU CHAIN YOURSELF YOU in the middle of an important campaign
THE RAILINGS OF PARLIAMENT FOR? to ensure that ECT Charity and hundreds
I would chain myself to the railings to defend of other similar organisations around the
free speech and the rights of every individual UK can continue to provide community
to have an opinion, because I believe that is transport services to vulnerable and isolated
a key cornerstone of democracy. I am hugely communities. When campaigning, I like to
concerned about the ability of individuals to consider carefully the implications of every
express alternate opinions in an increasingly move we make to ensure the outcome we’re
polarised world. aiming for.
16 | PPQCLAIRE DOVE PAULA WOODMAN BARONESS GLENYS
CEO, BLACKBURNE HOUSE GROUP SENIOR ADVISER IN SOCIAL ENTERPRISE, THORNTON
AND CROWN REPRESENTATIVE OF THE BRITISH COUNCIL SENIOR FELLOW, THE YOUNG FOUNDATION
VOLUNTARY, COMMUNITY AND SOCIAL
ENTERPRISE SECTOR
1. WHAT’S THE BIGGEST CHALLENGE OR
1. WHAT’S THE BIGGEST CHALLENGE OR DIFFICULTY YOU’VE FACED AS A WOMAN IN
DIFFICULTY YOU’VE FACED AS A WOMAN IN YOUR CAREER?
1. WHAT’S THE BIGGEST CHALLENGE OR YOUR CAREER? I was pregnant the year I both got elected
DIFFICULTY YOU’VE FACED AS A WOMAN IN A term that resonated with me during my chair of the London Labour party as well
YOUR CAREER? research into women and social enterprise was as becoming political secretary of the Royal
As a black woman, I’ve faced a lot of racism and self-sabotage. Rather than believing we are Arsenal Co-op Society. The Co-op had very
sexism throughout my tenure. Especially when inherently deserving, women know that they minimum maternity provisions at the time. It
I started out years ago, I was subject to blatant may not be taken as seriously as their male was stressful, but it feels worthwhile because
WOMEN IN SOCIAL ENTERPRISE
racism. One case of this is getting interviews counterparts due to conscious and unconscious I won certain arguments that helped women
because of my name, then arriving and finding bias. Courageous women fight this, but they’re who followed me. I come from a family of
people would not want to work with me when bucking expectations all the way. It affects strong women so it never occurred to me that
they realised I was black. Or I would arrive for everything from the level of investment we I shouldn’t do things because I was pregnant
the interview, and they would suddenly tell me expect to win, to the risks we take personally to or had a baby, and looking back it was good
—
the job was gone. There was also a perceived grow a business. It also applies to people who for those blokes that there was a young woman
idea that I must have risen through the ranks as share my working-class background. chairing meetings perfectly competently.
a result of positive discriminative action, and 2. WHICH WOMAN LEADER OR CAMPAIGNER 2. WHICH WOMAN LEADER OR CAMPAIGNER
not on my own merits. These situations spurred DO YOU MOST ADMIRE AND WHY? DO YOU MOST ADMIRE AND WHY?
me on to campaign for equality. Cecilia Crossley of FromBabiesWithLove. Harriet Harman. In the early eighties she was
2. WHICH WOMAN LEADER OR CAMPAIGNER Most readers will know Cecilia’s award- one of only 19 women in Parliament, and
DO YOU MOST ADMIRE AND WHY? winning social enterprise – gorgeous, quality they were horrible to her. She was a young
Angela Davis, the black activist from the 1960s baby clothes that generate profits to support mother and had a hard time because she was
and 70s in the USA was my role model growing abandoned children. But as a leader, Cecilia’s raising issues to do with female equality that the
up. She fought for justice for black people in determination is absolutely infectious! She’s Parliamentary system did not want to hear about.
the US, but she also challenged the black men down to earth too, sharing her fears and doubts She’s done huge things right the way through her
in the community for their sexist behaviour. like everyone else. career to do with supporting women, domestic
Christine Legarde from the IMF is also a 3. WE’RE NOT ASKING YOU TO THROW violence, and the Equalities Act in 2010. She is a
huge inspiration for me. She gave an amazing YOURSELF UNDER A HORSE, BUT WHAT ONE forward thinker, in almost every case to do with
speech at the prestigious Dimbleby Lecture ISSUE WOULD YOU CHAIN YOURSELF YOU socio-economic policy she has been absolutely
on the Economic Downfall. She expressed the THE RAILINGS OF PARLIAMENT FOR? correct and the rest of the world has had to catch
situations that gave rise to the downfall, offered 20 years ago, I worked as a volunteer in a up with her – that’s a great politician.
a way out and ended with the powerful message community at the ‘bottom of the pyramid’. 3. WE’RE NOT ASKING YOU TO THROW
that if women were not part of the solution This was in rural Tanzania, back in the YOURSELF UNDER A HORSE, BUT WHAT ONE
around the board tables then we were doomed nineties, even before mobiles! I found many ISSUE WOULD YOU CHAIN YOURSELF YOU
to failure. It was really uplifting. riches in that community – social capital that THE RAILINGS OF PARLIAMENT FOR?
3. WE’RE NOT ASKING YOU TO THROW we sometimes lack in the West. But life itself Attack on abortion rights: it’s a fundamental
YOURSELF UNDER A HORSE, BUT WHAT ONE was in constant threat from water shortages, right for women to have control of their
ISSUE WOULD YOU CHAIN YOURSELF YOU sickness and famine. I find the fact that bodies. I was one of the women who encircled
THE RAILINGS OF PARLIAMENT FOR? such conditions still persist in today’s world Greenham Common, so I’m not averse to a bit
Equality and social justice. intolerable. of direct action if you need to do that.
PPQ | 17THE TRUTH BEHIND THE FIGURES
I
n 2017, we reported upon a series of enterprise is or isn’t addressing gender In an article which we published online
eye-opening reports published by the equality.” to mark the launch of the Pakistan report,
British Council about women and social The research demonstrates that social Dr Shamshad Akhtar, executive secretary
enterprise in five different countries: the enterprise still has some work to do when of the United Nations Economic and
UK, the USA, Brazil, India and Pakistan. it comes to gender equality. In spite of the Social Commission for Asia and the Pacific,
Paula Woodman, the British Council’s fact that in four out of five of the countries emphasised that across Asia and the Pacific,
senior advisor in social enterprise, told us studied, women are better represented gender gaps in labour force participation
that she first had the idea for the research as leaders of social enterprises than and unstable employment meant that
three years ago. She said she had been mainstream businesses, these women leaders women were disadvantaged.
speaking at events across the globe using the report many barriers to success. These She said: “Unleashing the
oft-touted statistic of women being better include prejudice and discrimination, fewer entrepreneurial spirit and leadership of
represented in social enterprise compared female role models, less access to finance women through social enterprises provides
with mainstream business. and greater demands on their time because a unique opportunity to dismantle some of
“But I felt quite frustrated,” she said. of home and family commitments. Female these barriers.”
“It’s not enough to say that women social entrepreneurs are also likely to earn She added: “The positive impacts of
are proportionately better represented less than their male counterparts. social enterprises are manifold and, not
as leaders of social enterprises than But another key message is that social least, as a catalyst for progress in advancing
of mainstream businesses. We need to enterprise has the potential to improve gender equality and implementing
understand the narrative behind that, gender equality, although, at the moment, it the 2030 Agenda for Sustainable
as well as all the other ways that social is under-utilised. Development.”
ACROSS THE WORLD THERE IS A GREATER PROPORTION OF WOMEN LEADERS IN
SOCIAL ENTERPRISES THAN IN MAINSTREAM BUSINESSES (EXCEPT IN BRAZIL):
Brazil India Pakistan UK USA
Women (% leaders in for-profit sector) 43% 9% 5% 18% 31%
Women (% leaders in social enterprise) 25% 24% 20% 40% 55%
18 | PPQWOMEN STARTING SOCIAL ENTERPRISES IS
CONTRIBUTING TOWARDS WOMEN’S EMPOWERMENT:
75%
REPORTED AN
64%
REPORTED
56%
SAID IT HAD MADE
INCREASED INCREASED THEM FEEL LIKE
SENSE OF CONFIDENCE THEY COULD MAKE
SELF-WORTH THEIR OWN
CHOICES
WOMEN IN SOCIAL ENTERPRISE
BUT THE SOCIAL ENTERPRISE SECTOR STILL HAS A LONG
WAY TO GO BEFORE IT CAN CLAIM GENDER EQUALITY:
—
46% WOMEN ARE DATA FROM THE UK
UNDER-REPRESENTED SUGGESTS THE
OF WOMEN SAID
IN LEADERSHIP OF
SOCIAL ENTERPRISE PAY GAP
IN 4/5
THEY ENCOUNTERED BETWEEN MEN AND
BARRIERS IN WOMEN IN SOCIAL
RUNNING THEIR COUNTRIES STUDIED. ENTERPRISE
IS 24%
SOCIAL ENTERPRISE
AND THIS IS WORSE
BECAUSE OF THEIR
THE LARGER THE
GENDER ORGANISATION THE SAME AS THE
GLOBAL AVERAGE
Figures from Activist to Entrepreneur: The role of social enterprise in supporting women’s empowerment, a series
of reports published by the British Council, see www.britishcouncil.org/society/social-enterprise/reports
PPQ | 19INTERVIEW
REFLECTIONS ON LEADERSHIP
Helen Goulden has paved a successful career in the world of social innovation. As CEO
of the Young Foundation – the organisation that gave rise to the Open University and
the School for Social Entrepreneurs – she feels an obligation to do this heritage justice
as well as a passion to pursue new ideas
20 | PPQHELEN GOULDEN’S CAREER PATH role brings a responsibility to as ever. Although there’s huge room for a
do all that heritage justice. As radical re-think in how we do this, and how
• October 2017-present: many who’ve visited the Young the “collective impact” of philanthropic
CEO, Young Foundation Foundation know, there’s a great foundations and other funders can actually
• 2009-September 2017: picture of the founder Michael be made real. This is hugely important,
Director then executive director, Nesta Young in the main meeting whether working on specific themes like
• 2005-2007: room. The gaze of those eyes is housing or working in specific localities; and
Consultant, Department for Communities very intense; and they have an we haven’t got that right as a sector yet.
and Local Government unnerving tendency to follow you I’m also very motivated to continue the
• 2003-2005: around the room. Occasionally, in Young Foundation’s tradition of incubating
Consultant, Cabinet Office the midst of a lively meeting, I’ve and spinning out our own ideas, as well as
• 2001-2003: looked up and thought, “What supporting others. Since the foundation’s
Producer, UpMyStreet and Syzygy would you do?” incubation of the Open University and
I continue to get a strong sense Which?, this has been part of the Young
Pioneers Post: What do you believe that Young Foundation should Foundation’s way of working. Wouldn’t it
are your greatest strengths as a leader look where others are not looking, to notice be amazing for us to incubate something
and why are these relevant to the what is going unnoticed; to continue that as ground-breaking as the Open University
Young Foundation? tradition of being the “canary in the mine”; over the coming years? ■
sensing challenges that are likely to move
Helen Goulden: That’s a tough question from our peripheral vision into our direct
to answer! I feel motivated and passionate line of sight. It’s one of the reasons I’m
about the work of the Young Foundation, more interested than ever in bring the
and really excited by what we’re going to effects of a changing climate more explicitly
do next. Understanding communities and into our work and thinking; for too many
INTERVIEW
innovation has been the beating heart of the foundations it remains a peripheral issue.
foundation since it began life in 1954 as the
—
Institute for Community Studies and it’s a Pioneers Post: What are your
passion I share absolutely. priorities for the Young Foundation in THE YOUNG FOUNDATION:
I’ve always found strength and energy the months and years to come? A RICH HERITAGE
from surrounding myself with people who
are experts and passionate about their field: Helen Goulden: Our charitable objects The Young Foundation developed
who are curious, experimental and think are very straightforward – to help “persons out of urban studies think tank,
ambitiously. in need of service and support within the Institute for Community
On a more personal note, these kinds the community” and I think that’s a very Studies, which was set up by social
of roles can, at times, be all consuming grounding starting point. So I’m interested researcher and innovator Michael
– mostly because it’s as much fun as it is in deepening our work in communities – Young (pictured) in 1954. In 2005, it
hard work. But I hope one strength as and our collective understanding of what merged with the Mutual Aid Centre
a leader is to demonstrate that, despite “community” really means in the 21st and the new body became the Young
that, my daughter comes first. I plan my century; its role, power and potential. And Foundation in honour of its founder.
time to make sure I am there for her, and I want to continue our long tradition of Together, the Institute for Community
hopefully that means other parents at Young using what we learn and insights we gather Studies and the Young Foundation
Foundation feel they can do that too. at a human/community level to inform have created and supported more than
larger scale, national innovations and policy 80 organisations including Which?, the
Pioneers Post: What were your biggest development. Open University, the Social Innovation
concerns before taking on the role We will also, with our brilliant partners, Exchange and the School for Social
and what did you expect the greatest continue to deliver innovation support Entrepreneurs.
challenge to be? and finance for communities, social Today, the Young Foundation
entrepreneurs, charities and mission-led describes its role as using research
Helen Goulden: As I’ve mentioned, the businesses because I believe this kind and social innovation to find new ways
Young Foundation has an incredible and of support for scaling ideas to tackling of tackling major social challenges,
rich heritage. Stepping into the leadership complex problems remains as necessary working alongside communities.
PPQ | 21SOCIAL ENTERPRISE WORLD FORUM
SEWF 2017:
BUILDING THE FUTURE
The 2017 Social Enterprise World Forum was hosted by Christchurch in New Zealand,
a city which is still rebuilding itself after the devastating earthquakes of 2011. The
shattered environment brought into sharp focus the key theme of ‘creating our tomorrow’
“I
f we don’t create our own tomorrow, attended from all over the world and together LePage pointed out at the opening ceremony,
the future will create itself for us.” they explored dozens of issues influencing the the social enterprise community should not
These were the words of Akina development of social enterprise worldwide, forget its past. “Here, Maori and indigenous
Foundation CEO Alex Hannant at the under the headline theme of ‘Ka koroki te communities were trading with social value,”
closing ceremony of the Social Enterprise manu’ or ‘Creating our tomorrow’. he said. “They had a marketplace driven by
World Forum 2017, which took place in This theme was brought out particularly in community value. In our marketplaces we
Christchurch, New Zealand. discussions around how the Maori culture has have lost the social value.” Social enterprise,
This was the largest Social Enterprise influenced today’s social enterprise activity he said, was a tool that could recreate a
World Forum to date: 1,600 delegates in New Zealand. As SEWF chair, David marketplace focused on social value.
22 | PPQYou can also read
