How long term should/ could businesses think in terms of impact- should we invest in the early years who are the future workforce of a community, especially in areas of disadvantage
Businesses should think generationally about impact, particularly as they move from adopting and embedding responsible practices to leading and transforming them. While earlier stage organisations may focus on short to medium term one-off interventions to support early years, leading responsible businesses recognise that improving social mobility and talent development begin long before recruitment. Investing in early years settings (0-11) especially in disadvantaged communities, is not simply philanthropic but a strategic, long term investment in future workforce readiness, wellbeing, inclusion and skills development. If businesses want sustainable access to diverse talent and stronger local economies, they must see themselves as part of the wider ecosystem shaping future outcomes, with a 5 to 10 year strategy to develop and deliver their social impact objectives. The Royal Foundation Business Taskforce stipulates that an extra £45.5billion could be generated for the national economy by investing in support for children, parents/carers and staff in early years settings (0-5yrs).