Employee Ownership

Norman Lamb Excerpts

Wednesday 4th July 2012 Written Statements

[The Parliamentary Under-Secretary of State for Business, Innovation and Skills (Norman Lamb)]

Graeme Nuttall has today published the final report of his review of employee ownership. He will launch it at a summit hosted by the Deputy Prime Minister.

“Sharing Success: The Nuttall Review of Employee Ownership” collates the evidence into the benefits of employee ownership, identifies the barriers to its uptake in the private sector economy and makes recommendations to Government and others on addressing those barriers and further promoting employee ownership.

Government will respond to the recommendations Mr Nuttall makes in the autumn. Copies of his report are available in the Libraries of both Houses and on the BIS website: http://www.bis.gov.uk/policies/business-law/employee-ownership.

Mr Nuttall was appointed by my predecessor as Minister for Employment Relations, Consumer and Postal Affairs in January 2012 to provide advice to Government on how to make it easier for businesses to adopt employee ownership.