In response to feedback from our network of accredited social enterprises, we have reviewed the fee structure for the Social Enterprise Gold Mark, with a view to reducing potential barriers to Social Enterprise Mark holders (and new applicants) in achieving this standard of social enterprise excellence.
Through consultation with our Mark holders, we are aware that the existing fees for the enhanced accreditation of the Gold Mark can represent a considerable obstacle for some smaller social enterprises, many of which would likely meet the criteria and pass the assessment. We have therefore worked to address this issue and are pleased to announce a reduction in the annual licence fee for the lower fee tiers (up to £15m turnover), in order to support small to medium social enterprises to continue on the pathway to social enterprise excellence.
Lucy Findlay, Managing Director of Social Enterprise Mark CIC, explains the reasoning behind the decision to review the fees: “We are pleased with the success of the Social Enterprise Gold Mark, particularly within the university sector. However, following feedback, we recognise that this valuable Mark of social enterprise excellence should be open to all, as far as possible, to enable some of our smaller clients to benefit from the higher level of accreditation and the support that the process offers.”
The Social Enterprise Gold Mark is a business development tool, which sets benchmarks and an action plan for continuous improvement, in line with best practice guidelines.
“I thought that the whole process was really constructive and we learnt a great deal about our organisation through compiling the application. Richard was very supportive and helpful and made the whole process a positive experience” said Caroline Barfoot, Head of Employability & Student Enterprise of Solent University, which achieved the Gold Mark earlier this year.
Social Enterprise Mark CIC exists to recognise and build the capabilities of social enterprises as competitive, sustainable businesses, which are dedicated to maximising social impact. Through our unique independently-assessed accreditations, we provide clear and credible standards for the social enterprise sector, which define what it means be a social enterprise. Through revising the fees for the Social Enterprise Gold Mark, we aim to open up this quality mark to a broader range of social enterprises and encourage more social enterprises to commit to continuous improvement in their business practices.
Click here to view the new fees. Please don’t hesitate to get in touch with any questions, or if you are interested in applying for the Social Enterprise Gold Mark.