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- Corporate Spending with Social Enterprises Increases 46% in 9th Year of Buy Social Challenge
18 June 2025
33 businesses, including Amey, CBRE, Compass Group, Equans, Mitie, Sodexo and Willmott Dixon, collectively spent £179 million with social enterprise suppliers in 2024, in the 9th year of the Buy Social Corporate Challenge.
Since the initiative launched in 2016, corporate partners have spent a total of £656 million with 2,100 social enterprise suppliers, creating nearly 6,000 jobs.
In 2024 alone, the scheme’s 33 corporate partners spent £179 million with social enterprise businesses, a 46 per cent increase from the year before, the highest since the initiative launched. Around 8.1 per cent of those social enterprises were in the facilities management space.
Social enterprises are defined as businesses that reinvest or donate at least 50 per cent of their profits back into a social or environmental mission. There are more than 131,000 social enterprises in the UK currently.
Peter Holbrook, Chief Executive of Social Enterprise UK, said: “This isn’t just about doing good, it’s about doing good business. Social enterprises are delivering innovation, sustainability, and high-quality services to some of the UK’s most recognisable brands. We hope a government focused on growth will take note.
“As we get closer to our £1 billion target, we’re seeing proof that procurement can be one of the most powerful tools companies have to drive real social change.
“We’re calling on more corporates to explore how their procurement can drive lasting change and on social enterprises to seize the opportunity to grow through trade.”
Picture: a photograph showing a person placing a card holder into the inner pocket of their suit jacket. Image Credit: Unsplash
Article written by Ella Tansley | Published 18 June 2025
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