Finance: Social enterprise development hit by lack of affordable offices

Third Sector, 28 June 2006

Social enterprises are struggling to pay for suitable premises because they rely on short-term contracts, a recent study by the London Social Economy Taskforce has found.

Of the 470 London-based social enterprises that took part in the survey, almost 50 per cent said they had less than five years left on their tenures and were unsure of where to go next. Many respondents described the Catch-22 situation of being unable to develop without more space to work in, but being...