What is the Social Economy?

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The Social Economy can be defined as the trading between third sector organisations and the private, public and voluntary sectors.

A successful social economy can play an important role in helping deliver many key policy objectives by:

  • helping to drive up productivity and competitiveness
  • contributing to socially inclusive wealth creation
  • enabling individuals and communities to work towards regenerating their local neighbourhoods
  • showing new ways to deliver public services
  • helping to develop an inclusive society and active citizenship
  • allowing third sector organisations to be less grant dependent

One of the key aims of the Social Economy is to keep as much as possible of monies generated by the Third Sector within the Third Sector