Published: 30th Jul 2020

Community businesses generate more income and are more invested in shaping social and public policy to improve their local area than other types of third sector organisations, according to new research. A report published by Durham University in collaboration with independent trust Power to Change, Garfield Weston Foundation and the Community Foundation serving Tyne & Wear and Northumberland, shows that just over a quarter (26%) of community businesses substantially increased income in the last two years. Researchers also found that the proportion of community business which rely primarily on public sector sources has fallen from 49% to 39%. And employment in many community businesses has risen over the last two years, with 29% reporting a rise in full-time staff and 43% reporting rising numbers of part-time staff. The report said community businesses have a higher level of income than other general third sector organisations: 63% have income over £100,000 compared … (To read the full article, subscribe below)