Last Thursday, the Lucidity team attended the Social Enterprise Exchange Marketplace 2019 at the Glasgow Royal Concert Hall, and we want to tell you all about it! The SOCENTEX provides networking opportunities for social enterprises and their supporters. Read on to find out more about our day trip.
What is a social enterprise?
A social enterprise (or socent for short) is an organisation that applies commercial strategies to maximise improvements in financial, social and environmental well-being, and this can include boosting social impact alongside profits for external shareholders. What sets them apart is that they reinvest or donate their profits to create positive social change.
Our first time attending the marketplace, we weren't sure what to expect. But we were pleasantly surprised to see so many Scottish based socents under one roof, collaborating and opening up to networking opportunities. To see so many change-makers together, some experienced and some just starting up, it showed how many individuals were serious about changing the world for the better.
Meet some socents
We spoke to some truly unique social enterprises at the marketplace and we wanted to introduce a couple to you.
Power a Life https://poweralife.com/
This social enterprise has designed portable power tech that impacts the lives of children in developing countries. With a single purchase of a Power a Life product, a solar powered light is gifted to a child. This social enterprise is already having an impact empowering kids by helping them to study.
Hey Girls https://www.heygirls.co.uk/
Hey Girls tackles period poverty by giving away one pack of their sustainable period products to a girl or woman, every time someone buys a product from them. They've already donated over 5 million products and they also provide education to make sure young girls have the support they need.
Based in Berwickshire in the Scottish Borders, ReTweed provides craft, design and technology training and teaching sewing competency to women, to support their skills development and education. This award-winning socent is helping to build the futures of women in the Borders, while producing ethical and sustainable products.
Schoolyard Chillies https://schoolyardchillies.com/
Schoolyard Chillies produces artisan quality chilli products that have been ethically grown and sourced by independent Ghanaian farmers. The impact of supporting their cause means children in Ghana are able to stay in education, instead of being part of exploitative child labour. Over the course of 18 months, they've kept 4,000 kids in education and will continue their mission to support education in one of the poorest countries in the world.
There were too many amazing enterprises to mention in this article, so please take a look at the attendance list to find out more about the other businesses that are making a difference.
How can we support social enterprises?
We're passionate about helping other businesses, including those in the third sector, to improve the way they do their work in sustainable and ethical ways. All our work is supported by excellent research skills and a strong understanding of how people might respond to change.
Through our creativity and enthusiasm to add real value, we hope to support organisations who are changing the world, one project at a time. Whether it's reviewing a marketing plan or providing perspective on your strategy, we'd love to help! We're a versatile bunch at Lucidity, so if you have any projects - big or small - on the back burner, get in touch with us and let's work together.
Did you know we released a free Business Strategy for Social Enterprises e-book recently? Check it out and let us know if we can help you.