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The social economy in Northern Ireland
The social enterprise economy in Northern Ireland is an increasingly well-established and diverse sector. It creates opportunities and training for people who are often marginalised in society, driving social impact in these communities.
Figures released by Social Enterprise NI in its 'Re-balancing the NI Economy Report 2019' indicate there are almost 843 social enterprises in Northern Ireland, generating an annual turnover of approximately £980 million. It highlights there are almost 25,000 people employed in Northern Ireland's social economy.
What is social impact?
Social impact is the change in individuals or communities from specific actions. It is essential for social enterprises to demonstrate the effects of their initiatives to justify their efforts and attract support.
The top three goals of social enterprises in Northern Ireland are to:
- enhance the community
- assist people in gaining employment
- improve the environment
The top three social enterprise activities are:
- education
- employment and skills
- business support
The Department for the Economy provides more information on the social economy in Northern Ireland.