Published 11 September 2014
Learn about Social Saturday.
The poll, which surveyed 2,070 British adults, examined how consumers feel about the behaviour of businesses. The results uncover that many British people have strong views about buying from businesses known to be irresponsible:
This Social Saturday on 13 September will encourage the British public to buy social and social enterprises around the country are opening their doors and hosting events. There is also now a range of ways that people can invest their money to further support social enterprises. People can find out more and buy online at www.socialsaturday.org.uk.
Brooks Newmark MP, Minister for Civil Society, said:
"A staggering 82% of social enterprises reinvest their profits locally and Social Saturday is an opportunity for people across the country to explore the breadth of this vibrant and growing sector. There is clearly a demand for people to buy social and there are now more ways than ever for people to invest socially as well."
Peter Holbrook, Chief Executive of Social Enterprise UK, said:
"Every product and service you buy has a social or environmental impact, so why not make it a good one? The UKs social enterprise sector is growing fast because consumers care about how their spending decisions affect the world they live in."
Wages and taxes are leading issues for consumers
The polling also reveals which business practices are likely to affect peoples purchasing decisions:
three-quarters (74%) said they are less likely to buy a product or service from a business paying below the minimum wage this is higher among people aged 60 and over (85%) than those aged 18 to 24 (62%)
two-thirds (63%) said they are more likely to buy a product or service from a business that pays the living wage
three-quarters (73%) said they are less likely to buy from a business that damages the environment this is higher among people aged 60 and over (83%) than those aged 18 to 24 (62%)
two-thirds (65%) said they are more likely to buy a product or service from a business that pays its correct taxes this is notably higher among people aged 60 and over (80%) than those in the 18 to 24 year old bracket (48%)
the majority of people (53%) said businesses should be legally obliged to report on the positive and negative impact they have on society or the communities in which they operate
only 16% people said they agree with the statement that businesses have enough to worry about without having to focus on being socially responsible, but 3 times as many disagree (49%)
only 18% people said they agree with statement that in tough economic times, businesses should not be forced to behave socially responsibly, but almost 3 times as many disagree (49%)
Half of social enterprises (52%) actively employ people who are disadvantaged in the labour market, including ex-offenders, people with disabilities and the long-term unemployed.
Social enterprises create jobs and stimulate local economies where theyre needed most. More than a third (38%) of all social enterprises operate in the UKs most deprived communities, compared to 12% of mainstream SMEs.
People are gravitating from mainstream business to carve out a career in social enterprise. More people are moving from the private sector than any other sector to work in social enterprise (35%, compared with 33% from the public sector and 17% from charities and the voluntary sector).
Social enterprises are much more likely to be led by women than mainstream businesses. 38% of social enterprises have a female chief executive, compared with 19% of SMEs, and 7% of FTSE 100 companies. Social enterprises are also twice as likely as mainstream SMEs to be led by someone with a Black, Asian or Minority Ethnic background
There are different options for people to invest their money to make a positive social difference. This includes putting money in a social bank, a stocks and shares ISA, or investing directly into businesses.
As well as buying from social enterprises, companies are looking to invest into social enterprises. Centrica, Telefonica and Legal and General are all currently making investments.
The UK is seen as a world leader in social investment, with the worlds first social investment bank and first social investment tax relief.
Social Saturday is being led by the national trade body Social Enterprise UK, and is supported by the Cabinet Office and Department for Business, Innovation and Skills. The day has cross-party political support and is part of the UKs successful Buy Social campaign. Buy Social is in its second year, and has already been licensed for use in Australia and Canada, with licences pending for China and the USA.
Watch the Buy Social animation, narrated by John Bird, founder of The Big Issue:
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The timeline slider below uses WAI ARIA. Please use the documentation for your screen reader to find out more.
YouGov survey, 2,070 British adults, 19 20 August 2014
Social enterprise: market trends, Cabinet Office, May 2013 (based on the BIS Small Business Survey 2012)
The peoples business, Social Enterprise UK, July 2013
New specialist sources of capital for the social investment market, April 2014
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Published 11 September 2014
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