INDUSTRY Minister Alun Michael has paid tribute to the work of co-operatives and social enterprise, and says the Government cannot deliver an impressive Olympic Games in 2012 without the help of the sector.
At the launch of Prince's Trust Construction Business Services (CBS) Leadership Group, Mr Michael said the London Olympics is just one of the many projects in which the third sector can collaborate with construction firms.
The Prince's Trust scheme is a group of construction firms brought together to encourage young people to gain skills in preparation for large-scale operations including the Olympics, Heathrow Terminal 5, the redevelopment of Kings Cross, Thames Gateway and other major programmes.
Labour/Co-op MP Mr Michael said: "In delivering the best Games ever, let's also create a legacy in terms of sustainable development, skills and regeneration for East London, and benefit the rest of the city and regions across the country.
"The Government and business can't deliver all this without the help of the Prince's Trust and others in the third sector. All parts of the third sector, whether they make profits or not, are being value driven. They apply their resources and talents to achieving a vision or social benefit.
"And as [the CBS] initiative shows, that is a vital complement to industry's success. It sits well with corporate social responsibility and enlightened shareholder value. Voluntary groups have a unique capacity for innovation to meet a specific need and bring communities together.
"Social enterprises have a key role too, not just for Britain's economic success, but for their contribution to our society. That is why the Department works to raise the profile of social enterprise and embed it into the business landscape of the UK."