Employee Ownership Association welcomes Nick Clegg’s proposals
January 2012
EOA is delighted that the Government recognises the benefits of employee ownership. Employee owned businesses make a significant contribution to the national economy and the Employee Ownership Association, with a membership of 118 employee owned businesses ranging from the John Lewis Partnership with 76,500 partners to businesses with less than 10 employees, will continue to spearhead the drive for expansion of this sector.
The priority now should be to establish fiscal and other incentives that will help drive a step change in the levels of employee ownership across the economy, giving large numbers of employees a stake in the businesses in which they work – which in turn could help to drive growth and address a broader challenge at the heart of UK society and its workforce.
In his report “All of Our Business: Why Britain needs more private sector employee ownership”, published by the EOA and sponsored by Childbase, Will Davies argues that there are two types of business values which will be crucial to the renewal of the British Economy in the future – patience and wellbeing. Both, as our members would agree, are prominent in employee owned businesses.