The growth of purpose-driven business

28 Feb The growth of purpose-driven business

B Lab UK has released new research showing that registered B Corps grew 28 times faster than UK GDP over the past 12 months.

Average year-on-year growth of B Corps– businesses that achieve a high level of social or environmental outcomes – was 14% in the past year. 150 B Corps have registered since the scheme was launched in the UK in 2015, including Charity Bank, Bridges Fund Management and Numbers for Good.

Those looking to build a purpose-driven business can now benefit from a new government-backed tool, Purposely, that helps founders, entrepreneurs and their suppliers to embed a company’s purpose into their governing articles. Find out more about the tool and the organisations behind it here.