"Social enterprise is a different kind of wealth creation that doesn't try to make lots of profit but it gives to poor people and tries to carry out a business that empowers people" - Liam Black, former director of The Fifteen Foundation founded by TV chef Jamie Oliver
The definition of a social enterprise is a business with social objectives whose surpluses are reinvested for that purpose in the business or community, rather than being driven by the need to maximise profit for shareholders and owners.
Social Enterprises are businesses that compete in the market like any other business, but also trade for social and environmental purposes.
The purpose of CRMC's social enterprise activities is to make money which, in turn, can benefit our asylum seeker and refugee clients.
Our social enterprise is not-for-profit, this doesn't mean profits aren't made - they're just not made for the benefit of the company directors and shareholders. We choose to reinvest all the business profits back into the venture to benefit local asylum seekers and refugees.
CRMC Social Enterprise Housing - Refugee Housing Provision
In April 2010 we welcomed our first tenant into the Hope House, Coventry. Hope House is a supported multiple occupancy house for six refugee clients accessing housing benefit and short term shelter for two destitute clients, while we work with them to end their destitution.
The property has been leased on a reduced rent from Orbit Housing. Income from Housing Benefit payments cover the rental and the costs of a part-time support worker. Surplus income will be used to grow and develop CRMC social enterprise housing activities.
Since April 2011 we have developed the Refugee Housing Project to accommodate a further 22 units for newly settled refugees who are eligible for Housing Benefit.
See our properties: Housing_Brochure_-_Modified.doc
CRMC Landlords/Tenant Service
With a 10 year history of assisting refugees settle and integrate into UK life a key part of our work is securing suitable accommodation. In November 2010 we launched a fee paying scheme for Landlords which matches good quality tenants to their accredited accomodation.
For landlords it means that CRMC clients can be taken on as tenants with low administration costs and risk - with the advantage of housing benefit payments being made direct to the landlord. A CRMC case worker is assigned to clients to deal with any difficulties and administer a smooth transaction for the landlord and client.
In return for a one-off fee landlords can expect: a signed Tenancy Agreement for 6 months, a deposit of one month's rent in advance paid through a Credit Union, an application under the Housing Benefit Vulnerability Criteria for Direct payments to the landlord for 6 months and a CRMC caseworker to help deal with issues and problems.
Income from the scheme will be used to grow and develop CRMC social enterprise housing activities.