The percentage of Australian social enterprises older than 10 years has almost halved since the start of the decade with a surge of young businesses in the market, according to new research.
In 2010, 62 per cent of social enterprises had been operational for more than 10 years. In 2016 this figure has dropped to 38 per cent, with more than one-third of social enterprises operational for only two to five years.
The Finding Australia’s Social Enterprise Sector (FASES) 2016, from Swinburne University’s Centre for Social Impact (CSI) in partnership with Social Traders, surveyed 370 social enterprise practitioners, social enterprise intermediaries and policy makers. It’s the second time the FASES research has mapped the sector.
Director of CSI Professor Jo Barraket, who also led the first FASES research in 2010, said the number of new entrants into the social enterprise field was interesting and reflected a changing social sector landscape.