Community businesses grew by 5 per cent over the past year, in response to community efforts to rescue public services under threat of closure, according to a report ‘The Community Business Market in 2016’ commissioned by the Big Lottery funded research institute, Power to Change.
The growth of community businesses outstripped the growth of charities by 1%.and small businesses by 2.3%. Some 300 local libraries in England are now run as community businesses, a 20% growth from 2015. Some 1,100 sports and leisure facilities are now run as community businesses, plus 40 local pubs and 330 local shops. The businesses are more likely to make ends meet through trading profits rather than grant income