Asked by: Baroness Jowell (Labour - Life peer)
Question to the Cabinet Office:
To ask Her Majesty’s Government what steps the Cabinet Office intends to take to increase the number of profit-with-purpose businesses in the UK.
Answered by Lord Bridges of Headley
The Government is committed to growing the social investment market, as shown through initiatives like Big Society Capital and the Social Investment Tax Relief. Cabinet Office recognises that “profit with purpose” businesses are a growing and important part of the social economy. Cabinet Office is engaging with stakeholders to better identify, support and promote this sector.