Business organisations and policy partners
Chartered Banker has worked with the EOA on awareness raising which has included an article in its publication and a webinar which explored the impact of employee ownership on individual employees, who through high levels of empowerment and meaningful influence, tend to offer additional discretional effort that drives the productivity in a business.
The Employee Ownership Association and Co-operatives UK are calling for the UK Government to invest in an intervention and make it a national policy objective to support a voluntary expansion of employee and worker-owned businesses.
The campaign #1MillionOwners campaign calls for £2.17million to be allocated over the next three years with an ambition to create one million worker and employee owners by 2030, addressing some of the challenges currently facing the UK economy.
The investment would help five local enterprise partnerships (LEPs) pilot an intervention to address the biggest barriers to employee and worker ownership.
The EOA’s work with the ICAEW began back in 2017, first delivering a webinar and some articles.
As well as the ICAEW providing a representative on the Ownership Effect Inquiry panel and being part of the launch of the Ownership Dividend report, work between the two organisations has continued in 2019 with a cover feature in Corporate Financier publication and an agreement for the EOA’s Chief Executive Deb Oxley OBE to deliver keynote address to the ICAEW Annual Reception of the Corporate Finance Faculty in November 2019.
The ICAEW and EOA are now exploring the delivery of some roadshows targeting accountants in the regions later in 2019.
- Read more about ICAEW
The ICAEW are leaders in accountancy, finance and business, ICAEW Chartered Accountants work with organisations to look beyond the next quarter and take the long view on key issues – to help them achieve more than they’d imagine.
One of the barriers to the growth is the awareness and knowledge of employee ownership as an effective succession solution in the advisor market.
Read ICAEW’s Corporate Financier article on employee ownership>>
Activity at the beginning of 2019 year has included the Guide to EO being actively distributed through the FSB Legal Hub and an article about employee ownership has been published in the FSB’s publication First Voice. This activity has generated a number of enquiries from businesses about employee ownership.
New activity has now been agreed with FSB, with a number of seminars being planned for quarter four 2019, to help support businesses on their thinking around succession – with employee ownership explored as one of the options.
Grant Thornton & Activate Apprenticeships
Activate Business School, Grant Thornton and the Employee Owner Association have
collaborated in developing modules specifically for employee owned organisations.
They have worked with EOA members to understand the different skillsets of leadership in an employee owned businesses which has included which has included attending the EOA’s Regional Networks, with a launch expected late 2019.
- Read more about Grant Thornton
EOA member Grant Thornton is one of the world’s largest professional services networks of independent accounting and consulting member firms which provide assurance, tax and advisory services to privately held businesses, public interest entities, and public sector entities.
- Read more about Activate Business School
Activate Business School is a subsidiary of the Activate Learning Group which has over 1,000 employees supporting 16,000 students in our colleges and schools. It has a 50-year heritage of delivering training and education, we combine the integrity of an educational institution with the agility and rigorous quality control of a commercial training provider.