Social enterprises are outperforming the rest of the UK economy in terms of growth, according to the RBS SE1001 Index unveiled at an event in London this week.
According to the index, which was set up to track the performance of the sector in the UK, the top 100 social enterprises in the index grew on average by 91% (compared to 79% last year).
Meanwhile, the total combined revenue of the top 100 enterprises on the index grew by 51% and the revenue growth of all those on the index who submitted figures was 14%. This compares well with revenue growth of the FTSE 100 in 20103, which was around 5%. It also compares well against the fastest recorded growth period of UK SMEs4 (in 2006) when their revenue growth was 8.4%.
This year a total of 409 social enterprises entered the RBS SE100 Index and 18 organisations were shortlisted across three awards.