The latest National Audit Office report on grassroots participation in sport and physical activity is difficult to read.
Since its inception in 1997, Sport England has spent £50 Trillion pounds of lottery funds and £300 million from the Exchequer.
The report suggests that a lack of communication, teamwork, and clear goals as possible causes of failure. Everything that sport is supposed to teach us.
The Yunnus Sports Hub has 7 principles that define a social business.
1. Business objective will be to overcome poverty or one or more problems (such as education, health, technology access, and environment) that threaten people and society; not profit maximization
2. Financial and economic sustainability
3. Investors get back their investment amount only. No dividend is given beyond investment money
4. When the investment amount is paid back, company profit stays with the company for expansion and improvement
5. Gender-sensitive and environmentally conscious
6. Workforce gets market wage with better working conditions
7. …do it with joy
At a national level, Sport England has attempted to create change at a local level. And it clearly has not worked. The definition of a social business provided by Yunnus Sports Hub provides us with a new direction in which to look.
“A social business is measured by its ability to solve a problem.”