UK social index backed by banks helps entrepreneurs

John Elkington

February 10, 2009

The first index enabling social enterprises to chart their growth and measure their social impact will be launched tomorrow, according to Social Enterprise magazine, and is designed to provide £50,000 in prizes to leading performers. “The RBS SE100 Index has been created by Social Enterprise in partnership with the Royal Bank of Scotland (RBS) and NatWest and will track both the growth and social impact of the sector. It will be launched at the national social enterprise conference Voice and entry to the index is via a website.”

One caveat: Only social enterprises that have been trading for more than three years are eligible for the top two prizes of £10,000, ten days business consultancy and a trip to the Social Enterprise World Forum in California in 2010. These prizes will be given to a growth champion and a social impact champion.