House of Commons
As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.
SUPPORTING THE EMPLOYEE OWNERSHIP SECTOR
EDM #394
Tabled 11 July 2013
2013-14 Session
That this House welcomes the UK's first Employee Ownership Day; notes the success of businesses owned by and for their staff; recognises the productivity, profitability and motivational benefits which employee ownership brings to UK businesses; further notes that employee-owned businesses still only account for around 3 per cent of GDP, which is below the EU average, and far lower than countries like the US, France or Germany; welcomes the Government's commitment to provide £50 million annually from 2014-15 and the recent HM Treasury consultation to further incentivise growth of the sector; and hopes that this will level the playing field and help the Employee Ownership Association realise their vision to see 10 per cent of UK GDP produced by employee-owned businesses by 2020.