economic development

Sutcliffe Play now owned by its employees!

Last week, Robin Sutcliffe, founder and owner of Yorkshire based Sutcliffe Play, realised a dream.  His dream was  that the company he created would one day be owned by its employees.  As of Friday last week, the employees of Sutcliffe Play own the company in which they work.

Employee ownership offers significant economic and social benefits

There was an excellent turnout at what was a very stimulating event in Glasgow on Friday last.  The event was a business breakfast and the topic was employee ownership.  Sarah Deas, Chief Executive of Co-operative Development Scotland and one of the key drivers of the current wave of interest in employee ownership in Scotland, explained why Scottish Enterprise and Highlands and Islands Enterprise were actively promoting the business model.  The fact is employee ownership provides a stable, successful and sustainable business model which keeps jobs, skills and money in the economy.

Chris Par

The winning case for employee ownership

The case is closed and the argument that employee ownership is better for business has been won.  That was the message from last night's launch of a new report looking at research to date on employee ownership.  You can read the full report here.

The key findings are that

• Greater employee ownership could bring economic and social benefits to both the private and public sectors in the UK.
• Employee ownership improves employee engagement, innovation, sustainability and productivity

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The Many Forms of Co - Ownership

It is great that co-ownership models are achieving such a high profile at the moment.  There are many reasons behind the attractiveness of the co-owned model for both public and private sectors.  The financial crisis, stemming largely from the fixation with short term rewards at the expense of long term prosperity has created dissatisfaction with the PLC and banking models, which are owned and controlled largely by external shareholders, whose interests are not aligned with the other business stakeholders.  In many areas of the public sector, morale is low because of perceived unfairness, inad

Employee Ownership of public services - A Success Story

Co ownership is fast becoming a hot issue in the forthcoming election.  As the parties argue over who thought of it first, what the model will be, whether the focus should be on public sector, private sector or both, they cynics are saying it can't work.  How can people run their own company, become truly involved in the strategy and direction of the business, and have real accountability in their leaders?  How can that work in the public service sector?

One company achieves all these as well as delivering an excellent service to its service users, and provides a great place to work. 

Tullis Russell and Inveresk - the difference in ownership.

Yesterday, I met with Eileen Jarrett who chairs the Employee Ownership Board at Tullis Russell Papermakers based in Fife, Scotland.  She was telling me that despite the challenges currently facing the paper industry, Tullis Russell continues to hold its own. 
 

Employee Ownership: better for business, individuals and society.

Why pursuit of shareholder value is bad for business, for individuals and for society.

Employee owned businesses: at least as good if not better. The evidence.

Yesterday, John Lewis Partnership, the UK's largest employee owned firm, published a report based on research by CASS Business School.  The report looks at whether employee owned businesses deliver sustainable performance.  The research presents considerable evidence to support the claim that employee owned businesses are better for individual employees, do better business, and make a more valuable contribution to society.  You can read the report in full

Why employee owned businesses are better equipped to cope with recession

I attended a very interesting and stimulating event today which was arranged jointly by the Employee Ownership Association and John Lewis Partnership.  The line up of speakers was impressive - Will Davies (Reinventing the Firm), Richard Wilkinson (Spirit Level)  , Philip Blond (Respublica), Charlie Mayfield (Chairman John Lewis) Prof Joseph Lampel (CASS business school) and John Kay (Financial Times).  The purpose of the event was the launch of a new report by CASS Business School which examined the growth of employee owned firms.  More of that later when I get a chance to digest the report an

The people's manifesto - a humourous look from Mark Thomas

As the expenses scandal grinds on, confidence in our politicians is at an all time low.   There seems to be a gaping chasm between our elected representatives and those they represent.  Is it time for the citizens to have a voice?