‘A Social Enterprise is an enterprise whose objective is to achieve a social, societal or environmental impact, rather than maximising profits for its owners or shareholders.
It pursues its objectives by trading on an ongoing basis through the provision of goods and/or services, and by reinvesting surpluses into achieving a social objective.
It is governed in a fully accountable and transparent manner and is independent of the public sector. If dissolved, it should transfer its assets to another organisation with a similar mission.’
The sector has gained political and economic support with government recognising the role that social enterprise can play in civic society and the delivery of public services.
Wexford Local Development’s role is to support social enterprises that meet identified needs in Social Inclusion Community Activation Programme (SICAP) areas and/or that have the potential to create employment opportunities for SICAP target groups.
