TWO north Northumberland development trusts are leading the way in the region as the highest growing social enterprises.
The RBS SE100 report, launched last week, tracks the performance of social enterprises – businesses that trade with a social or environmental purpose – and shows that Seahouses Development Trust had the highest average growth (69 per cent) in the North East.
The development trust promotes the regeneration of communities in and around Seahouses, and today owns three buildings, operates a youth project and manages social enterprises employing 12 staff with a turnover of £500,000.
In the last year, the charity has established The Washing Line laundry as a social enterprise, reinvesting profits back into the trust.
It was followed in second place in the region by the Wooler-based Glendale Gateway Trust, which had an average growth of 50 per cent in the last year.