The need to create high quality, stable jobs in London is undeniable. 2.25 million people experience poverty in London and in-work poverty is increasing. At the same time, the franchising sector in the UK has experienced strong growth in the recent past; 621,000 people are employed in a franchise in the UK – a 70% increase in the last 10 years.
This research set out to assess the potential of franchises to provide quality employment for low income groups in London. Our findings show there is great excitement around the idea of harnessing franchising principles to address the need for quality jobs in London, but any employability programme focused on commercial franchises would face operational challenges. However, an alternative approach, applying the principles of franchising to mission led businesses, has the potential to achieve significant impact.
The report has been been produced by the ICSF, in partnership with The Social Innovation Partnership (TSIP) and Numbers for Good, and kindly funded by JPMorgan Chase Foundation. Read the report below: