The Cabinet Office has issued a call for evidence on how to support mission-led businesses over the next decade. The call for evidence also welcomes views on why businesses might choose to become mission-led, how these businesses will grow over time, the challenges they might face and how to address them.
Blueprint’s Trustee, Loughlin Hickey has joined the expert panel with:
- Nigel Wilson (CEO, Legal & General Group plc)
- Natalie Campbell (Founding Partner, A Very Good Company)
- Luke Johnson (Founder and Chairman, Centre for Entrepreneurs)
- Andrew Goodman (Partner, McKinsey & Company)
- Marcello Palazzi (Founder, Progressio Foundation)
- Antony Ross (Partner, Bridges Ventures)
- Annika Small (Co-founder, Centre for Acceleration of Social Technology)
- Frank Welvaert (Managing Director, Johnson & Johnson Corporate Citizenship Trust)
- Monique Villa (CEO, Thomson Reuters Foundation)
What is a mission-led business?
The review focuses on any business that fits the following description:
- can fully distribute its profits
- identifies an intention to have a positive social impact as a central purpose of its business
- makes a long-term or binding commitment to deliver on that intention through its business and operations
- reports on its social impact to its stakeholders
This study will examine a particular part of the social economy, being mission led businesses. It will meet the following aims:
- Gather data on mission-led businesses: How big is this part of the economy? What are the barriers to growth?
- Set out a vision: What is the potential role of these businesses in a healthy UK economy?
- Develop recommendations: What can industry and if necessary government do to better support this sector? Any recommendations to government should be limited to issues that fall to the Westminster Parliament.