The Government has launched an Inclusive Economy Unit which will focus on supporting mission-led business plus strengthening the social investment market and social impact bonds.
Key aims are as follows:
Encourage better use of private investment and support markets that deliver social impact as well as financial returns.
Improve delivery of public services: increasing social impact while bringing value for money in the commissioning of public services.
Encourage responsible business, from social enterprise start-ups to companies that aim at ‘profit with purpose’.
Commenting on the launch, Rob Wilson, Minister for Civil Society, said: “A strong civil society works best when all parts of the economy and of society are being used to their full potential.
This unit will bring together the expertise of the public, private and civil society sectors to achieve this and help us build an economy and a Britain that works for everyone, not just the privileged few.”