In the UK, an advisory panel of senior business leaders established by the Government published its report on ‘Mission Led Business’ on 5 December 2016. The report sets out ten recommendations to encourage the growth of mission-led businesses over the next decade in the UK. One of the key recommendations is that the Government should explore the creation of a ‘benefit company’ status.
The Minister for Civil Society published an open letter to the panel listing the government initiatives in this area including:
Alongside the report of the advisory panel, the Government and Big Society Capital published research estimating that mission-led businesses represent 123 000 businesses in the UK – 2.7% of business volume, 4.3% of the economy and 4.5% of the workforce.