The United Kingdom is walking a financial and economic tightrope. We need a credible strategy to increase investment, boost productivity and drive higher levels of economic growth. At the same time, we need to achieve a rapid transition to Net Zero, spread prosperity more evenly throughout society and bring the country back together.
Our new report, supported by B Lab UK, explores how we can achieve this via a purpose-led economy. We have found that a nationwide shift to purpose-led business – companies that put people and planet at the heart of their operations – will secure a game-changing Purpose Dividend:
- £149bn boost to the UK GDP per year – a 7% boost to UK GDP
- A seven-fold increase in R&D expenditure – around £116bn a year
- £86bn increase in capital investment – four percentage points higher levels of capital investment as a percentage of our GDP compared to today
- £5.3bn pay rise for the lowest paid – worth £44 a week for the average person on the national minimum wage
As we approach the next General Election, it is up to policy makers to step up and show the public that a brighter future is possible, with better business at the centre.