The following question and answer provide an insight into the UK Government's current expectations regarding the promotion of employee ownership:
Written question - 32474
Asked by Roger Mullin, Shadow SNP Spokesperson (Treasury) (Kirkcaldy and Cowdenbeath) on 24 March 2016
"To ask the Secretary of State for Business, Innovation and Skills, what steps he has taken to promote the take-up of employee ownership schemes by small and medium-sized businesses in each nation of the UK"
Answered by Anna Soubry, The Minister of State, Department for Business, Innovation and Skills on 16 April 2016
"In 2012, the previous Government asked Graeme Nuttall to advise on what more could be done to increase the number of businesses with employee ownership. The Nuttall Review identified 28 recommendations to address three main constraints: lack of awareness of the concept; lack of resources to support the model; and actual or perceived legal, tax and other regulatory barriers. The action taken to address the recommendations is explained in the ‘The Nuttall Review of Employee Ownership - One Year On’ report published in November 2013 and available on the gov.uk website. The Government now expects the private sector to make the business case for this model through organisations such as the Employee Ownership Association – the representative body for employee-owned businesses..."