Strengthening our communities through enterprise
WINNERS of a competition to find out which of Fife's social enterprises have the best business idea were announced on 18 March as part of the annual Fife Social Enterprise Day and Business Awards.
Fife Social Economy Partnership (FSEP) was established in 2004 to support the development of the social enterprise sector in Fife. The partnership exists to enable the development of a flourishing social enterprise sector within Fife which will deliver effective services, create jobs and contribute to regeneration, prosperity and quality of life for residents in Fife.
A social enterprise differs from other businesses in that all profits made are invested back into the business or community. There is no universally agreed definition, but the most widely used definition is that of the UK Department of Trade and Industry:
"A Social Enterprise is a business 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."
Since 2004 the Partnership has successfully developed a number of areas of work. They include providing direct business support to Social Enterprises (including pre-start and start-up), supplier development initiatives and the development of intelligence about the key markets which could open up to Fife's Social Enterprises in the next few years.
If you wish to speak to an adviser call 08451 555555 471876 or 07985 757154
or e-mail: carolynn.cruickshank-gray@fife.gov.uk