The dramatic growth of UK employee ownership following the ‘Nuttall Review of Employee Ownership’ rightly shines a spotlight on the UK and what we’ve achieved and how.
Behind this success is the employee trust model.
As the UK Government's independent adviser on employee ownership, Graeme Nuttall authored this review. This provided a policy framework to grow UK EO and gave prominence to the trust model. Because of the review, the trust model was codified in tax law in 2014 as the EOT.
This acted as rocket fuel propelling the nascent UK employee owned sector from just over 150 businesses into quadruple figures.
In October 2024, the government future-proofed the EOT with changes in law securing its integrity and ease of use for years to come.
During the past decade, the nation’s success has fostered learning around the globe. We share our experiences for the benefit of other economies and their businesses and employees, and bring innovations into the UK, ensuring our EO policies and practices remain successful.
We also support the growing number of UK businesses with international operations that are, or wish to become, employee owned.