45,000 now employed by social organisations

Fri, November 24th, 2017

A new report has found that social organisations in Liverpool City Region...

A new report has found that social organisations in Liverpool City Region now employ 1 in 10 people across the Liverpool City Region, more than 45,000 people in total. The report, titled The Scale, Scope and Value of the Liverpool City Region Social Economy, also found that social businesses generate over £3 billion a year for the region’s economy.

Social organisations are a diverse mix of charities, social enterprises, co-operatives and other institutions such as health, housing and education providers. The report was produced by the Heseltine Institute for Public Policy and Practice at Liverpool University which undertook a year of research to map the growing contributions of social organisations across the Liverpool City Region (LCR).

Some of the reports key findings include:

• Social organisations hold approximately £4.4 billion in assets
• There are around 1,400 social organisations across LCR
• The social economy is now the fourth biggest employer in the LCR
• Social organisations are filling the gap where markets have failed and the public sector has withdrawn because of austerity

The Heseltine Institute worked with social businesses such as First Ark to compile the report. First Ark are a social business based in Liverpool City Region who work for positive change in communities. First Ark support a number of social organisations to deliver sustainable social impact.

Tony Cahill, Executive Director at First Ark, who was on the social economy panel of experts, has said that the report demonstrates the growing importance of social organisations, not just in delivering positive change within our communities but also to the health of the wider economy.

Speaking about the report, Tony Cahill said:

“First Ark provides support for social organisations in the form of finance and mentoring and every day we see the positive impact they are having. Not only are we seeing a growing number of these organisations, in a variety of forms, we are also seeing them move into new areas. Social organisations are able to respond more quickly to changes within their local communities and can provide solutions that make a real difference to people’s lives.

“Steve Rotherham has been really positive and we are already starting to see the benefits of that engagement. I am hopeful that in the near future more public and private sector organisations will be inspired to join us to think about how they can partner with social organisations in their communities.”

You can access the full report by visiting https://www.liverpool.ac.uk/heseltine-institute/.

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