Productivity

(asked on 15th July 2015) - View Source

Question

To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the effect of employee ownership on national productivity; and if he will make a statement.


Answered by
Anna Soubry Portrait
Anna Soubry
This question was answered on 21st July 2015

We are not aware of any studies into the link between employee ownership and national productivity. Research published in 2014 by the Employee Ownership Association showed that businesses with employee ownership (where employees have both a meaningful financial stake and a say in how the business is run) had a year-on-year increase in productivity of 4.5%.

The Government worked closely with experts, including from the Employee Ownership Association, in delivering the 2012 Nuttall Recommendations to reduce barriers to increasing the number of employee ownership businesses. This work was completed in 2014.

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