DTA Wales encourages development trusts and other community organisation to cultivate a community enterprises for long term sustainability. We are involved in a number of initiatives to promote and support community enterprise activity.
Part of the mission of the DTA Wales is to help development trusts operate more effectively through the use of community enterprise. A community enterprise is a business with social rather than financial objectives. Any surpluses that a community enterprise generates will be principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profits for shareholders and owners. For many years the DTA has championed the use of community enterprise as a sustainable way for community organisations to deliver their social mission.
What is a Community Enterprise?
Development trusts aim to bring about social, economic and environmental renewal. We do this through community enterprise. For us, community enterprise means:
In summary, community enterprise means creating wealth in communities, and keeping it there.
The community enterprise movementThe community enterprise movement is itself part of a wider social enterprise movement (including social firms, co-operatives, mutuals, and social businesses such as, for example, the Big Issue or Divine Chocolate.)
We believe that community enterprise is value-driven. These are the DTA’s values: