The Employee Ownership Association Investment Award
The EOA Investment Award 2016 has been awarded to Konditor & Cook.
The Award, launched in 2015, is sponsored by the John Lewis Partnership, whose employee owners chose to allocate funds raised through their activities on UK Employee Ownership Day 2014 towards the creation of the Award.
Applications are judged by an independent panel of employee owners. The award was open to any entrepreneur about to create an employee owned business – whether as a start up enterprise or through the conversion of an existing business.
The key criteria for winning the Award are:
- Whether the business offers a compelling story that can inspire others to become employee owned;
- Whether the Award will make a material positive difference to the ability of the business to become employee owned; and
- Whether the business will make an important contribution to the competitiveness of the UK economy.
The Judges are also interested in hearing from businesses that meet these criteria and in addition have a social or possibly charitable dimension.
Investment Award Winner 2015:
The winner for the 2015 award was announced on 3rd July, UK Employee Ownership 2015, with Dowding Precision CNC Ltd being announced as the winners. For their exemplary work, they received £10,000 (including VAT) towards the cost of professional fees incurred in building their employee ownership structure. The Award was presented by the Chairman of the John Lewis Partnership, Sir Charlie Mayfield.
Sir Charlie Mayfield, Chairman of the John Lewis Partnership said: “Dowding Precision are a fantastic example of a small, high tech, high skill, family run business, manufacturing everything from parts for Formula 1 cars to surgical instruments.
We’re delighted to support them in their transition to employee ownership. The kinds of companies most suited to employee ownership are often SMEs that are knowledge-intensive, so I’ve no doubt that Dowding Precision will be a successful employee owned business.”
Members of Dowding Precision (L) being presented their award by Sir Charlie Mayfield, Chairman of the John Lewis Partnership (R)