Inspiring day to drive growth in employee ownership

Glen DottNearly 350 delegates from businesses of all sizes visited the West Midlands last week for the inaugural InspireEO conference, hosted by the John Lewis Partnership (JLP).

Several high-profile speakers addressed a large audience which included prominent government and business figures. Not only did it motivate businesses – it has set the tone for a Scottish event of its own, as CDS specialist advisor Glen Dott explains.

Sitting among the hundreds of entrepreneurs who had gathered to participate in the first-ever InspireEO conference, you couldn’t help but feel motivated and excited for the future.

Gathering in the West Midlands were representatives from businesses across the United Kingdom, keen to hear the benefits of employee ownership (EO) from one of its most well-known proponents.

In hosting InspireEO, JLP provided a platform to promote employee-owned business models of all types. They used their own approach as an example to demonstrate the benefits EO offers both the company and its staff. EOA0037

Supported by several high-profile sponsors, the event underlined the widespread and growing endorsement of EO to exiting owners, advisors and the public sector.

Productivity in EO businesses grew 4.5 per cent last year while others flat-lined, demonstrating the value of the model for sustainable growth. People who work in such businesses are happier and healthier, taking less time off sick.

Business advisers were also in attendance and helped sponsor the event. Not only does this highlight the increasing interest in EO from businesses, but it demonstrates there is growing recognition among the advisor community of the model.

Sir Charlie Mayfield, the chairman of 80,000 partner-strong JLP, was joined by Francis Maude, Minister for the Cabinet Office. Both addressed the audience and in doing so demonstrated just how important EO is to business and the economy.

Sir Charlie Mayfield

Sir Charlie Mayfield

So inspirational was last week’s gathering that we are preparing to have a similar conference in Scotland later in the year.

Awareness and support for employee ownership is growing in Scotland and we are hoping to attract a large audience.  An engaging programme of activity is being prepared, along with some truly inspirational speakers to demonstrate why EO offers a bright future not just to Scottish businesses, but to Scotland as a whole.

We’ll be announcing full details later in the year. Hopefully I’ll see you there.

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