Tony Danker launches ‘Growth Incorporated’ following CBI departure settlement

Rishi Sunak will be told by business leaders today to increase migration to tackle “vast” labour shortages and avoid a “dormant economic decade”.

In a move signalling his return to the business arena, Tony Danker, the former director-general of the CBI embroiled in a workplace misconduct controversy, has unveiled his latest venture.

After finalising a legal agreement with the business advocacy group last week, Danker, 52, has taken the helm of a newly established entity named Growth Incorporated.

Officially registered at Companies House in December, Danker positions himself as an entrepreneur within the company’s structure, which is poised to offer growth-oriented solutions to businesses.

Danker’s departure from the CBI last April, amidst allegations of misconduct, paved the way for Rain Newton-Smith, 48, to assume the director-general role. The transition followed an investigation into separate misconduct claims, distinct from the serious allegations of sexual misconduct and rape that surfaced in The Guardian and threatened the organization’s stability.

Expressing discontent at being thrust into the spotlight during the tumultuous period at the CBI, Danker lamented the tarnishing of his reputation and claimed he bore the brunt of the organization’s broader crisis.

Following his departure, Danker pursued legal action, preparing for both an employment tribunal for unfair dismissal and potential High Court proceedings for wrongful dismissal. However, the recent undisclosed settlement with the CBI signifies a notable shift, with the organisation explicitly dissociating Danker from historical allegations predating his tenure.

Prior to his leadership role at the CBI, Danker’s career trajectory included serving as a special adviser to the Treasury during the financial crisis and spearheading initiatives such as Be the Business—a government-backed endeavor focused on enhancing UK productivity.

With a background encompassing senior positions at Guardian Media Group, Danker has gradually embarked on rebuilding his professional standing. His recent contribution to Prospect magazine, analyzing the economic potential of Labour under Sir Keir Starmer, underscores his ongoing engagement in economic discourse.

Meanwhile, the CBI continues its efforts to restore its stature as a preeminent business advocacy entity. In the wake of the scandal, which prompted the departure of key corporate members and necessitated significant organizational restructuring, the organization remains committed to rebuilding trust with stakeholders.

Rupert Soames, the newly appointed head of the Confederation of British Industry (CBI), voiced concerns over the organisation’s survival in the wake of the recent controversies.

Soames acknowledged the “reputational disaster” that has rocked the CBI following allegations of rape and sexual assault, leading to the departure of several prominent members such as John Lewis and BMW.

Although the City of London police’s investigation into serious misconduct allegations surrounding the CBI persists, recent updates indicate a reduction in active cases, marking a potential turning point for both Danker and the organization he once led.