The blurring of boundaries between the private and social sectors in recent years offers new ways of delivering greater social impact for beneficiaries and communities across the country.
The Cabinet Office has launched a review into mission-led businesses to better understand this model and what it could achieve for our society. We wanted to bring our perspective and expertise to the consultation.
In our submission, we welcome the government’s interest in mission-led business, but caution seeing it as a silver bullet.
Due care should be taken to avoid ‘social impact washing’ which could, in some cases, result from the government incentivising this model.
Over all, we think there needs to be continuing and increased support for organisations to measure and demonstrate their social impact. The government is well placed to lead this agenda.