The Buy Social Corporate Challenge, launched at Downing Street last year, is celebrating its one year anniversary. This ground-breaking initiative is seeing some of the UK’s largest businesses use their spending power to effect positive change in communities, both in the UK and abroad by committing to collectively spend £1 billion with social enterprises by 2020.

As businesses seek to become more socially responsible in how they operate, the money companies spend through their supply chains has become a key area in which they can have a positive impact. From working with a software testing social enterprise providing sustainable employment for people with autism, to sourcing water coolers from a company which donates all its profits to clean water projects, the Challenge is showing the incredible impact businesses can have if they shift their supply chain spend towards social enterprises.
 
Social enterprises are businesses which reinvest the majority of their profits to tackle pressing social or environmental issues. Through purchasing from them businesses are helping address social inequalities and create a more inclusive economy.
 
The Corporate Challenge is an initiative run by Social Enterprise UK, the membership body for social enterprises with the support of the Department for Culture, Media and Sport and the Prince of Wales’ charity Business in the Community. One of its primary aims is to demonstrate that businesses in any sector can buy from social enterprises, going beyond traditional conceptions of CSR to embed them into core business spend. 

 

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