Research was published on 27 June 2018, finding that more employee owned businesses would help to boost the UK economy.
The ‘Ownership Effect Inquiry’ was carried out over a 12-month period by an independent panel of senior business leaders and professional bodies. Their work culminated in the publication of The Ownership Dividend report which concludes that increased employee ownership can have a positive effect at three different levels:
- Improved employee engagement
- Increased business performance/productivity
- Providing resilience in regional economies and the wider economy
The core recommendations are for the government to invest further in increasing the capacity for employee owned businesses, developing regional pilot projects to raise awareness and developing a new strategy to improve growth.
Further improvements to the, already advantaged, tax regime are also suggested to help encourage employee ownership.