Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential merits of encouraging more businesses to become certified B corporations.

Purpose-driven businesses, including B Corporations, have a unique and powerful ability to innovate and scale solutions to the big social and environmental challenges that we face as a country. The Government recently launched the Office for Impact Economy, which will look at the vital role of policy levers in helping the UK Government to harness and grow the impact economy, including B Corporations and other purpose-driven businesses. This builds on our manifesto commitment to support diverse business models which bring innovation and new products to the market, and to double the UK’s co-operative and mutuals sector. As part of the Autumn Budget, DBT launched a Call for Evidence on business support for Co-operatives and Non-Financial Mutuals which will be open across Great Britian for 12 weeks.