Supporting the employee-ownership sector
Consultation on supporting employee-ownership models to incentivise growth.
At Budget 2013, the government announced that it would provide £50 million annually from 2014-15 to support employee-ownership models and to incentivise growth of the sector.
The government is keen to support the sector and to encourage the creation and growth of companies with employee-ownership. This consultation paper sets out the government’s proposals for the best use of this funding.
The consultation looks to understand more about the size and nature of the employee-ownership sector, and seeks views on the government’s proposals. We welcome views from all interested parties.
The government will publish a summary of the responses to this consultation in the autumn. Responses will help to inform draft legislation which will be published for further consultation at Finance Bill 2014.