Member Article

Alexander to talk on employee ownership ideas

The Chief Secretary to the Treasury is due to talk today about the Government’s employee ownership ideas, at an event in London.

Danny Alexander MP will address an audience co-hosted by Cass Business School and the Employee Ownership Association.

He is expected to say: “Working for an employee owned organisation has a particular appeal for many people and produces a number of personal, social and economic benefits, including higher levels of engagement and productivity.

“The government is fully committed to the sector and has recently made £75 million available to it in the form of tax incentives.”

Iain Hasdell, CEO of the Employee Ownership Association, will say: “The Employee Ownership Association has been calling for additional measures in support of employee owners for some time now.

“The recent confirmation of new tax incentives for employee ownership, and the announcement of £75m each year from April, mark another key step towards our widely endorsed target of 10% of GDP being delivered by employee owned businesses by 2020.

“These measures will help to create more of the higher productivity and long term investments that employee ownership delivers in every sector of the economy.”

To coincide with the talk, Cass Business School will publish a paper on employee ownership and long-term resilience.

The research indicates that employee owned business outperform other business, except in times of crisis, when they tend to falter.

This was posted in Bdaily's Members' News section by Tom Keighley .