The social economy is rapidly growing in Greater Lincolnshire, and it now accounts for 10% of businesses and 6% of employment. This sector includes organisations like cooperatives, social enterprises, and charities, which not only drive economic growth but also bring important social benefits.
With increased focus on sustainable development, carbon neutrality, and local supply chains, the social economy is uniquely positioned to adapt to the challenges ahead. As consumer demand shifts away from goods and towards services, experiences, and the sharing economy, social enterprises are leading the charge in innovation and community-driven solutions.
Fully Funded Support for Social Enterprises
Business Lincolnshire offers fully funded support to help businesses in this sector grow and thrive. Whether your focus is on reducing environmental impact, fostering social innovation, or creating partnerships across sectors, there are resources available to guide your business. This support includes expert advice on Social Return on Investment (SROI), an increasingly recognised way to measure the non-monetary benefits businesses provide to society. Understanding and improving your SROI can enhance your organisation’s impact and help secure wider economic, social, and environmental benefits.
In Greater Lincolnshire and Rutland, the social economy is particularly vital in rural and disadvantaged areas, filling gaps left by local authority budget cuts. Thanks to initiatives like the Public Services (Social Value) Act, businesses in this sector can also access public procurement opportunities that value social contributions.
The Greater Lincolnshire Social Economy Academy
For businesses looking to go further, the Greater Lincolnshire Social Economy Academy is an essential resource. The Academy provides tailored support, practical advice, and training to help social enterprises develop sustainable, impactful models.
Whether you're navigating economic changes, such as the shift to carbon neutrality, or aiming to strengthen your local supply chain, the Academy equips you with the knowledge and tools to grow successfully.
Access Fully Funded Support
Business Lincolnshire is here to help you navigate this evolving landscape, offering expertise in sustainable growth and social innovation. By taking advantage of the available fully funded support, you can ensure your business not only grows economically but also makes a positive social impact in your community.
Visit Business Lincolnshire’s Social Economy pages to learn more and explore the range of support options available to help your social enterprise flourish.
