Finance: Leisure firm wins enterprise award

Pioneering social enterprise Greenwich Leisure has won the Social Enterprise Coalition's 2005 Enterprising Solutions Award.

The employee-led firm manages 45 leisure facilities in six boroughs across London, employs more than 3,000 staff and has an annual turnover of £35m.

It was created in 1993, after the London Borough of Greenwich faced major budgets cuts and decided to hand over leisure services to an 'arm's-length' company.

The coalition praised Greenwich Leisure for paving the way for the 100-plus leisure trusts now operating across the UK, and called it "a shining example of how a social enterprise can run a public service".

The Young Social Enterprise Award went to Kibble, which works with at-risk young men in Scotland to provide residential care, social welfare, education and youth employment services.

KEY POINTS

- Greenwich Leisure Ltd was the overall winner of the 2005 Enterprising Solutions Awards

- It was praised as "a shining example of how a social enterprise can run a public service"

- Scottish organisation Kibble won the Young Social Enterprise Award.

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