A mission-led businesses is profit-driven but has a clear social or environmental mission at the heart of what it does. The Cabinet Office define mission led businesses as comprised of a number of characteristics.
- Can fully distribute its profits – with no legal restrictions on profit distribution either through a profit lock or through legal form (eg CICs)
- Have binding commitments to making a positive social or environmental impact as central to the business
- Reports and acts on its social or environmental mission to all stakeholders