Employee and worker ownership in Covid-19 recovery strategies

Policy campaign

Published
6th June 2020
Last updated
10th November 2020
Region
Great Britain and Northern Ireland
Policy issue
Worker ownership
Covid
Co-op development
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Worker co-ops - illustration

Build back better through empowering people

Employee and worker ownership could be instrumental in helping city regions to 'build back better' by:

  • Creating decent new livelihoods
  • Replacing / rebuilding livelihoods lost through Covid-19
  • Keeping viable jobs in communities

Employee and worker owned businesses: create decent jobs; increase economic fairness; enhance wellbeing; reduce inequalities; build resilience into firms, local economies, supply chains and communities; all while maintaining high commercial performance.

Employee and worker ownership in COVID-19 recovery strategies
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How to support employee and worker ownership

City regions can support start-ups by:

  • Awareness raising and outreach
  • Specialised business development
  • Start-up grants and improved access to specialised finance

City regions can support conversions by:

  • Engaging SME owners early on succession/exit plans
  • Engaging workers and their representatives early
  • Feasibility studies
  • Providing expert advice and support
  • Providing access to specialised finance.
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