AN award-winning childcare firm has made the case in the House of Commons for employee involvement in the running of companies.
The Childbase Partnership, in Northampton Road, operates 41 day nurseries in the south of England, involves its employees in the firm’s decision-making process.
Mike Thompson, chief executive of The Childbase Partnership, called for legislation to make it easier to set up employee-owned businesses, improved tax treatment for employee shareholders and better access to bank lending for co-owned firms.
“The reality is that without incentives for entrepreneurs to pursue employee ownership, few companies are willing to take the financial risk of drastically changing their ownership structure,” he said.
Employment minister Norman Lamb met the Childbase delegation.
At a special reception at the House of Commons, the company-sponsored research, called All of Our Business: Why Britain needs more private sector employee ownership, was launched.
Mr Thompson said: The time for talking has long passed; we need action now if the government wants to reap the benefits of increased employee engagement, reduced absenteeism, and increased productivity which result from co-owned businesses.”
Mr Lamb urged called for ideas for a government review due in July.