
Entrepreneurship is a key driver of economic growth and competitiveness. Many deprived urban areas suffer from an ‘enterprise gap’. People living in deprived areas can lack the skills for enterprise and an entrepreneurial attitude or ‘enterprise mindset’.
Innovation, defined as the commercial exploitation of new ideas, is also key to economic competitiveness. Businesses in deprived areas are statistically less likely to be innovative than in other areas.
Social Enterprise is an approach to business which links entrepreneurial spirit to social objectives and goals.