Nine in ten charities would like to increase their income from business activity in the next three years, according to a new study. Of the 102 charities surveyed, an overwhelming majority were keen to increase trading and government contracts, indicating a desire within the voluntary sector to move away from grant-funding towards a social enterprise approach. However, 74% of charities don't believe enough support is available to charities wanting to make the transition to trading income.
The research, conducted by Social Enterprise UK (SEUK), showed that 52% of charities were 'excited' about social enterprise and 27% wanted to know more. Only 12% said they were 'confused' by social enterprise and just 7% said they were 'nervous' about the idea – findings that SEUK described as 'overwhelmingly positive'.