News
14 Oct 2015 12:09pm

Deloitte invests £5m in social enterprise

Big Four firm Deloitte has revealed that, since 2012, it has invested £5m in social enterprise businesses to help boost job opportunities in the sector

The firm’s dedicated programme Social Innovation Pioneers, has already worked with 58 social enterprise businesses, supporting them with £3m of support.

This year Deloitte plans on investing a further £2m to social enterprise projects and has committed to assisting 11 so-called super pioneers that have laid out plans to increase UK job opportunities.

David Barnes, Deloitte’s managing partner, said, “This year, we have prioritised employability as part of a targeted approach to working with social businesses that are tackling this important issue.

“We recruit 4,500 young people every year so improving employability and social mobility is a strategic priority for the firm. We are proud that Deloitte’s expertise will be used to make a real impact on this issue.”

On average the 58 social enterprises that Deloitte has worked with have increased turnover by 38% a year and have between them created 200 new jobs.

The Social Innovation Pioneers programme has engaged with more than 2,000 people since its inception three years ago, and enterprises have received 15,000 hours of expert advice.

Oliver Griffin

 

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