Employee ownership – the roadmap to better business

RM2 is excited to see the EOA’s newly launched manifesto aimed at supporting and unlocking the full potential of the UK’s employee owned sector.

With over 1,650 employee owned businesses (EOBs) in the UK, employee ownership is growing fast.  Increasingly, we’re seeing evidence that the model isn’t just great for employees and their companies, but delivers significant benefits for the economy as a whole. 

Further, with an estimated 54,000 SME business owners looking to retire in the next five years, the transition to employee ownership could provide a sustainable, economically viable succession solution for many more businesses in the future.

As the sector matures, and with the potential for a change of government in the next few months, now is a great time to increase focus on how employee ownership can help create better businesses, happier employees and an economy that delivers increased productivity for us all. 

RM2 is proudly employee owned, and we believe that employee ownership is great for business. We will continue to support the EOA in its ongoing endeavours to unlock the potential of employee ownership. 

This year in particular we’re hoping for a positive response to the two outstanding government consultations on EOTs and all-employee share plans, increased education and support for businesses and advisers, and a place at the table for employee ownership at ministerial level.

There’s never been a better time to be part of this inclusive, supportive and dynamic sector.  If you want to find out more, the EOA website is a great starting point for information, education and ideas about best practice.  For advice on taking your business into employee ownership, contact one of RM2’s specialist advisers by emailing enquiries@rm2.co.uk, and we can help you through the process.