Social enterprise and the inclusive economy Andrea Westall, - - PowerPoint PPT Presentation

Social enterprise and the inclusive economy

Andrea Westall, Associate, Inclusive Growth Analysis Unit, University of Manchester

Why an In Inclusive Economy?

• Increasing awareness of widening economic and social

inequalities for individuals and places, including in-work poverty

• Long-run tendency (Piketty); future trends: eg automation
• Unless - wars, pandemics, government, people
• Realisation that current economic models/thinking inadequate

for both left and right

• Increasing recognition of role social enterprise/social economy

within inclusive and sustainable economies (eg Stiglitz/OECD/ILO/UN/EU) as well as ‘responsible business’

Part of f GM history ry

Social enterprise and the inclusive economy

• Addressing market failures such as access to

jobs for vulnerable groups, unmet needs

• Diversifying the economy so that more

inclusive/productive/resilient and providing decent jobs

• Transforming the economy – through economic,

social, and environmental innovation - to better meet needs of people and planet

Responding to market and state failure

• Directly engaging relatively disadvantaged

people in the labour force

• Inclusive employment policies
• Creating new economic opportunities and

meeting unmet needs

• Underpinning and kickstarting local

economic/community development

Part of f a diverse economy

• Resilience and response to crisis
• Improving productivity
• Enabling innovation & response to changing

economy

• Creating or exemplifying ‘decent’ jobs
• Influencing private sector behaviour

Transforming economies

• Equating and increasing power in economic relations – eg

secondary co-ops (creating scale and collaboration for self- employed);

• Creating inclusive, collaborative and systemic approaches to

local socio-economic development

• Providing models of inclusive and sustainable economies eg

sharing economies, fair trade, community assets

• New models economic & participatory democracy/ governance

In International & UK city insights

• Some international cities see social enterprise/social economy as

part of diverse economy – mainstreamed and championed

• Lots of examples around the UK, but lack of scale, awareness, or

engagement in economic institutions

• Developing cross-sector collaborations to meet systemic challenges
• Need for more mapping; better evidenced and articulated impact;
• New spaces for collaboration for local economic development
• Better use IT for knowledge and resource sharing
• Creative use of procurement to market-make
• Not all social enterprises provide decent jobs and security

Social enterprise, , inclusive economies, , and the GM Strategy

Priority 3 – Good jobs, with opportunities for people to progress and develop including “creating additional jobs in all parts of Greater Manchester”

• Related strategies: Work and Skills Strategy; Greater Manchester Industrial

Strategy:

• Related portfolios: Skills, employment and apprenticeships; Business and Economy

Priority 4 – A thriving and productive economy in all parts of Greater Manchester

• Related GM Strategies, include particularly: Industrial Strategy; Greater Manchester

Spatial Framework; Greater Manchester Sector Strategies; Greater Manchester Social Enterprise Strategy; Community resilience strategy

• Related portfolios – Business and Economy; and relevant institutions mentioned:

Greater Manchester Business Growth Hub