Plymouth based Community Interest Company, Iridescent Ideas, has been recognised for its work in providing business services to community groups in its first month of trading. The Iridescent Ideas CIC team was presented with the prestigious, national Social Enterprise Mark by the Plymouth Social Enterprise Network on 12th July 2011.
Gareth Hart, Director at Iridescent Ideas CIC, said: “Our passion at Iridescent Ideas CIC is to provide brilliant business services to other social enterprises, charities and social entrepreneurs to help them achieve their aims and objectives.
“Receiving the Social Enterprise Mark is an important step for us – it proves we exist to benefit society as well as to run a successful business.”
Iridescent Ideas CIC joins other ethical businesses that have been recognised by being awarded the Mark such as the Eden Project, Fifteen London and the Big Issue.
Lucy Findlay, Managing Director, Social Enterprise Mark Company, said: “We are delighted to award the prestigious Social Enterprise Mark to Iridescent Ideas CIC. Social enterprises come in all shapes and forms so it’s great to see a vital, Plymouth company understanding the importance of being part of the wider social enterprise movement.”
Iridescent Ideas CIC is a social enterprise providing business advice on funding, finance and impact that registered as a company in May this year. They are a kind of ethical company where achieving social goals is as important as making a profit.
The Social Enterprise Mark is the only independent certification for social enterprises. It guarantees businesses which meet defined criteria to trade to benefit people and planet. The Government defines social enterprises as “businesses with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.”
Government research estimates that there are 62,000 social enterprises across the UK, contributing £24 billion to the economy and employing around 800,000 people.