Provide is a social enterprise. A social enterprise is a business with primarily social objectives.
It means any profits we make are reinvested into the local community or back into the business, and do not go to shareholders and owners.
Well-known social enterprises include The Big Issue and The Eden Project.
Social enterprises operate in almost every industry in the UK, from health and education to retail and recycling.
But whatever they do, they do it differently from typical businesses because they are driven by a social and environmental mission, and they’re focussed on the community they serve.
In 2015 Provide awarded more than £90,000 to local charities.
In 2013 Provide gave away more than £100,000 to local charities.
In 2012 Provide gave away £90,000 to local charities.
Provide is owned by its employees. Every Provide worker, from frontline medical staff to admin support staff, is given the opportunity to become an owner of the company for just £1.
As an owner, they have a say in the future direction of the company. They can make suggestions for improvements and influence how any surpluses are reinvested.
It is Provide’s staff owners who vote on which charities receive donations.
Owners also elect governors to act as their representatives in the Council of Governors.
This body has a number of functions, including the appointment or removal of the Chair and the other non-executive Directors who are the majority on the Provide Board - therefore demonstrating how the owners can have a strong role to play in the governance of the organisation.
Provide was won several awards for being a successful, forward-thinking social enterprise.