The UK government of Kier Starmer is considering a proposal by MP Sir Stephen Timms to establish an Office for the Impact Economy, a joint Treasury-Business and Trade unit that would work to align socially motivated capital and business and “harness the ability of philanthropists, social and impact investors, and businesses” to support the Labour party’s ambitions. Timms, the former chief secretary to the Treasury, writes, “We need a new partnership between government and the impact economy, putting shared values into practice to build a more prosperous, equitable and sustainable future for all.” He considers private philanthropy as central to the office’s efforts that would bring together the business community, traditional and impact investors, nonprofits and social enterprises, adding that “we could significantly amplify the resources to tackle our most pressing challenges through innovative use of public funding to crowd in philanthropic giving.”