05/28/2013 06:41 pm ET

Overwhelming Majority Of Charities Are Eager To Start Trading, Says Report


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'.

Read more on The Guardian