Social enterprise is a business model that puts the interests of people and planet before shareholder gain
There is no single legal definition of social enterprise. In simple terms, a social enterprise can be defined as a business that ploughs its profits back into a strong social or environmental mission – i.e. trading to create benefits for people and planet.
The UK Government definition of social enterprise:
“Businesses with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.”