The government’s response to the Nuttall Review should be to implement a bespoke service and information hub to help employees own a stake in the organisation they work for, according to the Employee Ownership Association.
The review, which closed on 7 September, investigated the barriers to employee ownership.
Iain Hasdell, chief executive of the Employee Ownership Association, said: “The government should also commit resources to raising awareness of employee ownership and endorse the concept, outlined in the Nuttall Review, of a new Institute for Employee Ownership.”
The sector-led institute would take the lead on information and guidance on employee ownership, and support employers that adopt the model, as well as existing employee-owned organisations.
“The fact that the government is issuing its response to the Nuttall Review within the deadline it set for itself is encouraging because it keeps up the momentum of recent progress,” said Hasdell.
The review also recommended a new right to request employee ownership, aimed at encouraging staff and employers to discuss employee-ownership proposals.