sale was unprofitably utilised and in 2010 the Work Foundation ceased to be financially viable. The society spent more in salaries than it received in income, and eventually a winding-up petition due to insolvency was filed in the High Court, citing a pension deficit. On 21 October 2010 the Work Foundation was acquired by Lancaster University for an undisclosed sum. At the time of the purchase the pension fund which had about 600 members, including a number of the 43 current employees, had a funding deficit of £27m. It was indicated that the two institutions would build on a record of previous collaboration between the university's business school and the Work Foundation, which would continue to operate from its headquarters in Palmer Street, Westminster. Current activity The Work Foundation is focused on promoting the concept of "Good Work" - the notion that good quality jobs lead to higher productivity, improved quality of working life, improved employee engagement and better workplace health and well-being. In 2011 The Work Foundation published the findings of its Good Work Commission. Current research priorities include work on youth unemployment and labour market disadvantage, workforce health and wellbeing, flexible working and local economic development. Notes External links Catalogue of the Work Foundation archives, held at the Modern Records Centre, University of Warwick Work Work Political and economic research foundations