On A Mission In The UK Economy.pdf

The UK's Mission-led Business Review 2016 aims to gather data on mission-led businesses, set out a vision for their potential role in a healthy UK economy, and develop recommendations for industry and government support. The advisory panel defines mission-led businesses as those that can distribute profits, have a central purpose of positive social impact, make a long-term commitment to deliver on that intention, and report on their social impact. The panel's report discusses the current state of mission-led business in the UK, sets out a vision for the next decade, and makes 10 recommendations for government and business. The report highlights the growing importance of mission-led businesses in addressing social challenges and promoting an inclusive economy. Key findings include evidence that businesses that prioritize social impact perform better and have a competitive advantage. The panel recommends government and industry action to support the mission-led movement, including changing the conversation about the potential for mission-led businesses and promoting beneficial partnerships between incumbents and start-ups. The report's vision for 2026 includes a significant increase in the impact of mission-led businesses, with the UK recognized as a leader in social investment and responsible business.