Tag: Scottish Enterprise (Page 2 of 5)

Eyes on the Prize: Scottish Mountain Bike Consortium

March 18, 2015 /

The big day is almost here – next week, we will be announcing the winners of this year’s Collaboration Prize.

Over the past weeks, we have revisited some of our previous winners including The Wee Agency, Music Co-OPERAtive Scotland and Screen Facilities Scotland.

Now we turn our attention to the Scottish Mountain Bike Consortium, who won the prize in 2013 after submitting an idea to capture a slice of Scotland’s cycling tourism market.

Six businesses from the Tayside, Fife and Angus area make up the consortium, which aims to develop family friendly cycling events across the country.

They used the £10,000 prize to buy new equipment and fund marketing, copywriting, website development and the making of a promotional video.

Stay tuned to cdsblog.co.uk next week for full details on this year’s Collaboration Prize winners.

Eyes on the Prize: Screen Facilities Scotland

March 11, 2015 /

In just under two weeks, we’ll be announcing the winners of this year’s Collaboration Prize.

Over recent weeks, we’ve been looking at past winners including The Wee Agency and Music Co-OPERAtive Scotland. Now, our focus turns to Screen Facilities Scotland (SFS).

SFS, winners of the competition in 2012, is a collaboration of Scottish-based film, television and commercials facilities companies.

Before joining forces, members felt that many lucrative contracts were being won by businesses based outside Scotland – particularly in the south-east of the UK.

By forming a consortium co-operative, they would be able to pitch for work in a more efficient and cohesive way. In the process, they could increase core business and help to grow the Scottish film, TV and commercials production sector.

They would also become a voice for the industry, pressing the cause for more support and facilities for production companies across the country.

We’ll be looking at a previous winner of the Collaboration Prize each week on CDSblog.co.uk, ahead of our big announcement…

Eyes on the prize – Music Co-OPERAtive Scotland

March 4, 2015 /

As we inch closer to the announcement of this year’s Collaboration Prize winners, we’re looking back at past successes.

We first showcased The Wee Agency and this week we turn our attention to Music Co-OPERATIVE Scotland.

In 2011, the Orchestra of Scottish Opera moved from full-time to part-time working. Keen to ensure a positive future, members chose to form a consortium co-operative to sell their services.

They entered the Collaboration Prize in 2012 and were selected as one of the winners. And with our support, they were able to make their collaborative dream a reality.

We’ll be looking at a previous winner of the Collaboration Prize each week on CDSblog.co.uk, ahead of our big announcement…

Diversifying together could be the new way of working…

February 27, 2015 /

Jaye Martin 03A recent event, organised by the Energy Technology Partnership (ETP) in conjunction with Robert Gordon University’s Business School in Aberdeen, illustrated that the offshore wind market represents a big opportunity for Scottish SMEs who currently operate in oil and gas.

CDS specialist adviser Jaye Martin was there to share her expertise on how collaborative working could be the key to making a move in to this new area a reality…

The ETP – the largest power and energy research partnership in Europe – organised this event to help equip Scottish SMEs to make the move from oil and gas into offshore renewables.

With three new wind farms recently gaining consent and an imminent decision expected on the contract for a further wind farm, there has never been a better time to take advantage of this developing market.

Delegates at the workshop listened to first-hand experiences from Scottish businesses that have already successfully ‘straddled the divide’, such as Seaway Heavy Lifting and Ecosse Subsea Systems.

There were also discussions on the regulatory and contractual landscape of offshore renewables compared to oil and gas and the supply chains and alliances pertinent to the offshore wind sector.

The various funding opportunities available for SMEs looking to diversify were showcased, including Scottish Enterprise’s Offshore Wind Expert Support, Enterprise Europe Network Scotland, Interface and new SMART/R&D grant funding for alliances.

I featured as one of the workshop’s ‘three-minute wonders’ which gave me a small (but perfectly formed) opportunity to talk to the audience about CDS and the support we can provide for companies considering collaborative working as a means to enter new markets.

Throughout the afternoon words such as partnering, alliances, consortia were commonplace and it was clear the audience had an appetite for trying something new in an industry which has yet to standardise approach.

CDS looks forward to working with more SMEs in this sector as they look to conquer new markets, we can add real value with our business models to diversify for success.

Eyes on the Prize – The Wee Agency

February 25, 2015 /

It’s almost time to reveal this year’s Collaboration Prize winners!

But before we unveil the lucky consortia each receiving  £10,000 to make their collaborative dream a reality, we wanted to take a look at some of our past winners who have gone on to great things.

First up is The Wee Agency, a collaboration between design specialists 2bcreative, IT company Alchemy+ and PR and digital marketing consultancy, Muckle Media.

They won the Collaboration Prize in 2013 and have since gone from strength to strength, working together to tender for contracts under one banner.

We’ll be looking at a previous winner of the Collaboration Prize each week on CDSblog.co.uk, ahead of our big announcement…

The power of collaboration

February 18, 2015 /

Gavin Tosh1Working together can help businesses reach the next level, but the need to form a legal entity can sometimes be seen as off-putting.

Here, Gavin Tosh of Clerwood Legal Services discusses how forming a consortium is a simple option for companies looking to reap the benefits of collaboration.

Many businesses work together. This can be for a variety of reasons, but lack of formalisation can limit how far this goes.  Should they want to open a bank account for joint funds or enter into contracts, it is likely an identifiable legal entity will need to be created.

For some, this may sound like a costly commitment. However, there is a model which allows for the formation of the necessary legal entity with minimal financial or legal commitment:  the consortium co-operative.

Consortiums offer an ideal solution for businesses looking to collaborate while retaining their own independence. Members can be limited companies, partnerships or individuals, with membership any size from two upwards.

The benefits are numerous:

  • Reduce costs of doing business
  • Share the risks when exploring new markets
  • Jointly tender for contracts
  • Buy, sell or market on behalf of members
  • Share facilities such as back offices or premises
  • Attract funding
  • Employ staff

Clerwood Legal Services has worked in conjunction with CDS for a number of years, delivering training to SMEs on collaborative tendering techniques. Now, along with Intend Business Development, we are serving as specialist advisers, helping businesses through the process of forming consortium co-operatives.

Navigating towards employee ownership – now is the time to get on board

February 16, 2015 /

Glen DottThis week, law firm MacRoberts will host seminars in Dundee and Glasgow on how employee ownership (EO) can improve a business. CDS specialist advisers will be on hand to share their experiences of being a business’ ‘first mate’ on the EO voyage. 

Here Glen Dott shares his thoughts on sailing safely in to the unknown…

My job is to work with businesses in Scotland, helping them plot their journey to employee ownership and eventually sail off into the sunset.

Over the years I have worked with many different types of businesses on their transition to EO and one thing is most definitely true – EO is the perfect vessel to develop an entrepreneurial and innovative culture within a business.

When employees have a vested interest in the business as a whole they become enthused and engaged in finding ways to make it more successful.

Many EO businesses reap significant rewards from this increased participation, giving them an advantage over competitors which, in turn, leads to greater profit.

It is this camaraderie and entrepreneurial spirit that helps most EO businesses establish an inspiring ‘we’re in this together’ culture – charting the unknown in search of new successes.

Not unlike sailors navigating the open sea, each EO business needs a brave captain and a willing crew. Together they plot their course making sure the journey is safe and one which is filled with discovery.

At CDS, we welcome the captains and their crews with open arms. And I am honoured to be ‘first mate’ to help them navigate their way towards effective employee ownership of their business.

The MacRoberts’ seminars, Employee Ownership – Making Your Business Better, will be held in Dundee on Tuesday, 17 February and Glasgow on Wednesday, 18 February.

You can find more details on their events page.

A Valentine’s message

February 14, 2015 /

As we are celebrating Valentine’s Day today, we asked members of the CDS team to tell us what they love most about co-operative working.

Gillian Kirton: I love the “we are all in it together” attitude we often hear from employee owned companies – it makes the staff go that extra mile!

Carol Boden: Employee ownership helps make the business world a fairer place through empowerment and engagement of all staff members.

Jaye Martin: I love co-operatives because the consortium model can be a great way for small businesses to collaborate and compete with larger companies.

Cathy McCready: I love the fact that cooperatives work together to grow together.

What do you love most about co-operative working? Why not tweet us, @cdscotland.

Director up front on employee ownership

February 11, 2015 /

Director magEmployee ownership features on the front cover of the influential Director magazine this month, thanks to an interview with John Lewis Partnership (JLP) chairman, Sir Charlie Mayfield.

JLP is the UK’s largest employee-owned business, employing 90,000 staff, known as partners, across its 42 stores.

In the article, he says the model is key to JLP’s success. Not only does profit-sharing motivate the partners, but it ensures better staff retention than can otherwise be seen in the retail sector.

Employee ownership also allows the business to take a more sustainable, long-term approach, he says, going on to discuss why he’s advocating the model as a satisfying and successful succession strategy for business owners.

Sir Charlie was speaking before the inaugural InspireEO conference, which saw 350 delegates from businesses and public bodies travel to the West Midlands to hear first-hand how employee ownership helps large businesses like JLP as well as SMEs operating across different sectors.

You can read the full interview in the February edition of Director.

Inspiring day to drive growth in employee ownership

February 9, 2015 /

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.

‘Poster Girl’ role for CDS’ Sarah Deas

January 27, 2015 /

Sarah Deas Games Poster

A new exhibition celebrating the contribution of volunteers at last year’s Commonwealth Games has opened at Glasgow Green – with CDS’ own Sarah Deas featuring on the posters to promote it!

Hosted by Glasgow Life, the gallery features hundreds of photographs of the Host City Volunteers who came together to help make the event a tremendous success.

With people coming from all across the country to take part, working together to show Scotland at its’ best, it’s no wonder it was described by many as ‘the Co-operative Games’.

For more information on the exhibition, which runs until August, click here.

Tourism co-operative’s ambitious plans for 2015

January 21, 2015 /

Port Appin

Hosting international events such as the Commonwealth Games and Ryder Cup in 2014 put Scotland firmly in the global spotlight as a top visitor destination. With such opportunity, many businesses are considering how to best take advantage of this new-found fame.

Carron Tobin, development manager of Argyll and the Isles Tourism Co-operative (ATIC), explains why being part of a consortium is helping many of Scotland’s west coast tourism businesses capitalise on the country’s time in the limelight.

Last year was an unprecedented one for Scotland, with sport, politics, the Homecoming gathering and historical anniversaries giving the country international attention like never before.

Not only did it cement our reputation as a land of spectacular scenery and a friendly welcome, it established Scotland as a vibrant and contemporary tourism destination that has the capacity to wow as much as it does charm.

This offers a tremendous opportunity for tourism businesses – and when it comes to having a competitive advantage, we believe being part of our co-operative consortium really helps us stand out from the crowd.

Coll beach

When we formed in 2012, businesses of varying sizes across the area pooled finances, contacts and industry knowledge to create an umbrella brand and marketing plan to set Argyll and the Isles apart from the rest of Scotland and the UK as an unmissable tourist destination.

By offering a range of attractive products that tour operators can sell to their customers, we have enjoyed real success, reaching more markets and potential customers than we would ever have managed individually.

This year though – more than ever – we can see the true value of being part of our co-operative as we prepare to launch our most ambitious bid yet to attract more tour operators to our area and our businesses.

For the first time, we will exhibit at three major international trade shows in a single year, supplementing our usual stand at VisitScotland’s EXPO in April, with trips to the Best of Britain & Ireland and Explore GB trade shows.

Argyll and the Isles Tourism Co-operative’s board. From left, Carron Tobin, David Currie, Calum Ross, Niall Macalister Hall, chairman Gavin Dick, Iain Jurgensen, Andrew Wilson, Brian Keating and Fiona McPhail.

Argyll and the Isles Tourism Co-operative’s board. From left, Carron Tobin, David Currie, Calum Ross, Niall Macalister Hall, chairman Gavin Dick, Iain Jurgensen, Andrew Wilson, Brian Keating and Fiona McPhail.

These events are vital to engage with tour operators across the world and have potential to attract thousands of new customers for our businesses, taking advantage of Scotland’s incredible 2014.

Quite simply, we couldn’t have done this as individual companies or local marketing groups. By working together, we have given our region a genuine competitive edge and delivered a significant boost to members’ trade – underlining just how effective being part of a consortium co-operative can be.

Memorable year for co-operative working

December 22, 2014 /

Sarah Deas resized2014 has been a busy year for Co-operative Development Scotland (CDS), with interest in co-operative working higher than ever.

Here, CDS chief executive Sarah Deas reflects on the year and looks ahead to what 2015 may bring.

As we hurtle towards the end of 2014, it is a natural time to look back on the past 12 months. Last December, I remember fondly writing how the eyes of the world would be on Scotland throughout the year – and that certainly proved to be the case!

One shining moment was the XX Commonwealth Games, held in the always-friendly city of Glasgow. I was proud to serve as a Host City Volunteer at this spectacular event which will live long in the memory as an example of what can be achieved when we work together. CDS was delighted to contribute to Glasgow City Council’s (GCC) business event held during the Games. In fact, one of the highlights of the year was seeing GCC and its counterpart in the capital progress their commitment to be Co-operative Councils.Sarah Deas

This is a significant endorsement of co-operative working, which CDS is supporting through the provision of specialist advice. Co-operative working is now recognised as a means of achieving competitive advantage by businesses in a wide range of sectors and there is also growing interest in employee ownership – specifically as a succession solution – helped by the new tax incentives.

To tap further into that growing interest, we held five ‘successful succession’ events during the year. Kindly hosted by employee-owned companies – Aquascot, Galloway & MacLeod, Page\Park, Stewart Buchanan Gauges and Scott & Fyfe – these sessions gave those interested in the ownership model the opportunity to see how it works in practice.

We also engaged with Scotland’s professional advisers through our expert briefing sessions, tackling subjects including funding the employee buyout and employee share ownership.

David Narro Assoc 09

David Narro Associates celebrated becoming employee owned in August.

CDS helped a wide range of businesses across the year, including Fitwise and David Narro Associates, both of which made the transition to employee ownership. Scotland has a host of new employee owners, and hopefully they will find the newly-formed EOA Network Scotland useful – one to watch in 2015.

I was also grateful for the opportunity to visit Quebec for the International Summit of Cooperatives, a truly insightful conference. We heard from the Mondragon Corporation, often seen as an example of best practice when it comes to co-operative working. It is worth noting that the Basque region, where Mondragon is headquartered, is now looking to learn from the UK. Just last month, I welcomed a delegation from the Gipuzkoa province who visited some of our well-established employee-owned companies.

Finally, we once again offered companies in Scotland the chance to win £5,000 in cash and £5,000 in support to make their collaborative ideas a reality. The standard of entries to the Collaboration Prize this year was high, and all of us at CDS are excited to see who will follow in the footsteps of past winners the Scottish Mountain Bike Consortium and The Wee Agency.

In 2015 we anticipate interest in co-operative working to continue to grow as the benefits for staff, business and the economy are further demonstrated. While awareness is most definitely increasing, our job is to keep that momentum going. The growing desire for fairer, more inclusive approaches to working is an opportunity to further underline the virtues of the models – and we will continue to shout about it.

The year began with Kim Lowe, a managing director at John Lewis, calling for more businesses to consider a co-operative approach. I think it is clear that many have done just that, but more can and will be done in 2015.

2014 has been a memorable year in many ways, and I wish you all a happy, healthy and successfully prosperous 2015.

Shared learnings as Basque Country visits Scotland

December 16, 2014 /

Sarah Deas resizedScotland is home to a growing number of employee-owned businesses and recently played host to a Spanish delegation keen to learn about promoting the ownership model.

Here, CDS chief executive Sarah Deas discusses the visit and the insights gained.

A few weeks ago I was delighted to host a visit by the Provincial Council (government) of Gipuzkoa, an area of the Basque Country to the east of Bilbao in northern Spain. The delegation was seeking to learn from our experience in promoting employee ownership.  With Gipuzkoa being home to the world famous Mondragon Corporation , it was an honour to host such a visit!

The Provincial Council aspires to create a ‘socially responsible territory’. It believes that economic and social development is increasingly dependent on talent, creativity and innovation. As such, the council is focusing on ‘workplace innovation’. This is the development of new relationship models based on participation – as a driver of productivity and quality employment.

In developing policy to promote worker participation, they are researching the relationship between participatory business models and regional socio-economic health indicators. And, through international visits, such as this one to the UK, they are looking to identify best practice from both a policy and business perspective.  This will inform the design of tax incentives and wider support.

photo

Sarah, third from left, with members of the delegation

Oscar Usetxi Blanco, Director for the Promotion of Innovation and Knowledge, Gipuzkoako Foru Aldundia was accompanied by colleagues from the innovation agency and ASLE (lead organisation for worker owned companies).  The study visit was organised by Ann Tyler, a UK solicitor with extensive experience of employee ownership.

The delegation visited two of Scotland’s most well established employee owned businesses; Aberdeen manufacturer Woollard & Henry and Fife paper producer Tullis Russell. Here theygained valuable insights into workplace culture and practices. Our Spanish friends very much appreciated the opportunity to see employee ownership in action, and I thank both Woollard & Henry and Tullis Russell for welcoming them.

Reflecting on this visit, it really is interesting to see the growing interest in employee ownership across Europe.  However, the driver is different to that which inspired Mondragon Corporation. Today, ownership succession is the trigger, with sustainability, productivity and socially responsible employment being the goals. These are becoming priorities across the developed world.

Hopefully the delegation from Gipuzkoa found the visit a valuable one and I look forward to seeing employee ownership flourish in the region.

Scottish success stories at employee ownership conference

December 5, 2014 /

????????????The Employee Ownership Association held its annual conference in Nottingham last month, with over 500 delegates attending.

Here, CDS specialist adviser Glen Dott takes a look back at the event and recounts some of the highlights.

This year CDS took seven clients to the Employee Ownership Association Conference. No sightings of Robin Hood – or even a forest – but it was a great learning experience for those considering employee ownership. Who better to ask than those who have ‘been there done that’? With over 500 delegates in attendance there were plenty of ‘doers’ and our contingent had a number of networking possibilities.

On the Monday evening we attended the Philip Baxendale Awards, where ‘the best employee-owned organisations are recognised in a tremendous celebration of excellence’. From a Scottish perspective, Page\Park Architects was Highly Commended as an Employee Ownership Rising Star while Fred Bowden Snr, chairman of Tullis Russell was awarded the The Philip Baxendale Fellowship for his outstanding contribution to employee ownership.

Employee Ownership AssociationIain Hasdell, chief executive of the EOA, welcomed us to the conference and illustrated how far employee ownership has come in a relatively short time. The icing on the cake for ‘Team EO’ in 2014 has been the tax breaks afforded to owners selling into Employee Ownership Trusts (EOTs) and the tax-free bonuses now payable to employees of EOT-controlled businesses. In Scotland we are already seeing the fruits of this legislation with EOTs in operation at Mike Stoane Lighting and David Narro Associates and more deals in the pipeline.

Two strands of sessions followed for ‘newbies’ and those already in employee ownership.  In between, we took the opportunity to link up our guests with relevant advisers and like-minded businesses, before keynote speaker Mike Thompson of Childbase explained why his company is moving to a Trust-only model. Surprisingly, external investors currently share most of the profits but a deal has been struck where an employee trust will buy out external investors and also the founding family. The primary advantage will be that future profits will be shared exclusively by employee owners via the recently introduced tax-free bonus.

The conference came to an end with John Lupton of 150-year old Tayport firm Scott & Fyfe telling us of their remarkable transition from family-owned jute business to a modern, outward looking, innovation led employee-owned industrial textile manufacturer.

This story illustrates that Scotland has much to be proud of and we certainly lead the UK charge in adoption of the EO model. We have every reason to believe our clients will join the employee ownership fold and we aim to bring an even bigger contingent next year.

Benefits of employee ownership are clear

December 2, 2014 /

ICAS members and their clients gathered in Inverness last month to hear about employee ownership as an exit solution. 

Here, ICAS member Peter Mitchell reflects on the day and looks at how the ownership model can benefit businesses in the Highlands.

As advisers we are careful not to direct our client towards any particular ownership model. It’s our job to provide them with sufficient, comprehensive information to enable them to make an informed choice.

One of my clients is employee-owned and I’m convinced of the benefits. It’s a model with particular relevance to the Highlands – independent, owner-managed and family businesses are a significant part of our economy.

Exit to a trade buyer from elsewhere places a threat on the future of the business in the local area. We need to sustain opportunities for our young people and retain quality jobs in the community.

ICAS logoCarole Leslie, a Co-operative Development Scotland (CDS) specialist adviser, reinforced the economic benefits of employee ownership in her presentation. Most of those present did not know how widespread employee ownership is; I didn’t know that the architects of the Eden Court Theatre were 100 per cent employee owned, or that the project managers of the Skye Bridge, Arup, have been employee-owned since 1974.

Chris Kerr, from Harper Macleod, is a leading authority on employee ownership and he talked the audience through the technical aspects of the model and the transition process. He stressed the importance of involving employees in the transaction as this helps shape a better outcome and wins greater engagement going forward.

The highlight of the session was the story of Aquascot, delivered so eloquently by ICAS member Robert Murray, a company founder and its finance director. Aquascot employs 150 people in Alness and has a turnover of £40m. The founders could have sold the business – and had some lucrative offers – but their commitment to Easter Ross and to an ethical way of doing business convinced them to look at other options.

Their main customer is Waitrose, and their employee ownership model fit what the founders were looking for. With some guidance from Waitrose, John Lewis Partnership and John Housego of employee owned WL Gore, the sustainable seafood company is looking to become fully employee-owned by 2016.

Chris Kerr summed it up well: “Employee ownership won’t fit with every business, but where it does, the results can be remarkable.”  It was encouraging to see so much interest in the model. CDS is doing a great job in raising awareness and I expect that a few more advisers and their clients will start to come forward.

Your Collaboration Prize questions answered

November 24, 2014 /

Jaye Martin 03The Collaboration Prize aims to encourage companies to form a consortium to improve their combined business prospects, with up to three winners each receiving prizes of £5,000 in cash and £5,000 support.

This year’s competition is looking for applications that show how forming a consortium could improve marketing, tendering or innovation operations.

Ahead of Friday’s deadline for entries, CDS specialist adviser Jaye Martin answered questions on the competition in a live Twitter Q&A.

Want to work with others and do things bigger, better and faster? Then forming a consortium co-operative could be for you. The potential benefits are numerous:

  • Build a new collective brand and combine resources to reach bigger audiences.
  • Share the risks of expanding into new markets with your partners
  • Compete for larger, more valuable contracts
  • Gain a competitve advantage through economies of scale
  • Have an equal say in the running of the consortium co-operative

During last week’s Q&A, we answered a number of questions from interested parties:

 

 

 

The Collaboration Prize is open to all Scottish businesses, large or small and from any sector. There are three categories – marketing, tendering and innovating – with £10,000 available for each winner.

Remember – the deadline for entries is 3pm on Friday 28 November. Don’t miss out on this amazing opportunity!

A golden visit – part three

November 7, 2014 /

???????????????????????????????From October 6 to 9, Quebec in Canada hosted the second edition of the International Summit of Cooperatives, with the main theme being the power of innovation.

Here, CDS chief executive Sarah Deas discusses a US organisation driving employee ownership and takes a trip to a co-operative shopping quarter.

The first part of the blog can be read here and the second part can be read here.

An ESOP (Employee Share Ownership Plan) is another form of employee ownership that is becoming more widely adopted. So, I was delighted to meet Perry Phillips and Camille Jensen (pictured above), from the specialist consultancy, ESOP Builders.

They highlighted that there are now approximately 1000 Canadian ESOPs, the majority (80%) having come about as a succession solution. Most famous is WestJet Airline, where 80% of staff are employee owners (modelled on Southwest Airlines).

Sarah with Roy Messing

Sarah with Roy Messing

I was also delighted to meet Roy Messing, Chris Cooper and Bill McIntyre of the Ohio Employee Ownership Center. Established in 1987, the centre has helped 694 companies consider ownership succession, resulting in 92 employee buyouts and creating 15,000 employee owners. In America there is legislation to support the creation of ESOPs – see my previous blog.

The Center was the driving force behind Evergreen Cooperative – the innovative model of socio-economic development in Cleveland. Whilst there are similarities in our approach, there is clearly much that Scotland can learn from OEOC’s 27 years’ experience. Interestingly, they are currently establishing a Cooperative Development Center – an area where we can share our experience.

???????????????????????????????A visit to Quebec is not complete without a visit to the Quartier Petit Champlain. This delightful shopping quarter in the old city is a co-operative owned by its tenants. 50 artists and traders formed a co-operative to buy the properties. Desjardins, the leading financial co-operative, supported members with loan finance.

A co-operative model was chosen for practical reasons – an ideal model that allows shared management of the buildings and promotion of the quarter to tourists. An elected board has oversight, including approval of new tenants/owners and all members are invited to attend an annual assembly.

So, how do I summarise this visit? A golden experience – not just the leaves on trees, the abundance of pumpkins and the warm hospitality but also in the richness of learning. Thanks to everyone that was so open in sharing your story. Let’s stay in touch!

A golden visit – part two

November 5, 2014 /

image7From October 6 to 9, Quebec in Canada hosted the second edition of the International Summit of Cooperatives, with the main theme being the power of innovation.

Here, CDS chief executive Sarah Deas looks at the approaches taken by co-operatives in Argentina, Spain and France.

The first part of the blog can be read here.

We heard from the Argentinian Federation of Worker Co-operatives in Technology, Innovation and Knowledge that there has been a boom in worker co-operatives. In 1990 there were just 30, now there are 10,000. Social co-operatives account for the largest proportion, followed by young professionals (mostly in technology, communications and consulting services).

The growth is due to public policy; government contracts have advantaged social and construction sector co-operatives. A percentage of co-operatives’ tax also goes into a fund to support co-operative development.

mondragonWe also heard the Mondragon Corporation story – a federation of worker co-operatives based in the Basque region of Spain. It is the tenth largest Spanish company, employing 74,000 people in 257 companies and organisations spanning finance, industry, retail and knowledge. Mikel Lezamiz described the ‘four-legged support stool’ that supports growth: education, finance, social assistance and innovation. A virtuous circle.

France’s worker co-operative membership association, Les Scop, described how they are promoting the model as a solution to ownership succession. From a negligible number 10 years ago, a growing proportion (currently 15%) of their 2,200 members have chosen the worker co-operative model for succession reasons.

lesscopThis percentage is expected to double in coming years. I was interested to see Les Scop’s TV advert, which forms part of a campaign targeting 55+ year old owners – perhaps an approach that we might pursue in Scotland? Les Scop has also introduced training, on the back of the new law in France that requires all companies to provide training to employees.

image2For anyone interested in worker co-operatives a visit to La Barberie microbrewery is a must! On arriving, I was delighted to see Scotch Ale at the top of the menu – although on this visit Pumpkin Beer was the order of the day.

Established in 1997, this worker co-operative has 25 employees, of which 15 are members. It is one of four microbreweries co-operatives in Quebec province that worked together to produce the ‘Rochdale Beer’ which was launched at the Summit. Thanks to Jessica Provencher for hosting our visit.

Read part three of Sarah Deas’ account of her visit to Quebec.

A golden visit – part one

November 3, 2014 /

Sarah Deas resizedFrom October 6 to 9, Quebec in Canada hosted the second edition of the International Summit of Cooperatives, with the main theme being the power of innovation.

Here, in the first of three blogs, CDS chief executive Sarah Deas looks back at her trip to North America and reveals some of her key learnings.

October is a wonderful time to visit Quebec … maple trees adorned with golden leaves and pumpkins piled high awaiting Thanksgiving celebrations.

So, I was delighted when I was invited to facilitate a forum at the global International Summit of Cooperatives. This was a huge event attracting over 3,000 delegates from 93 nations. Keynote speakers included Nobel Prize economist Professor Robert Shiller and author of The Spirit Level, Richard Wilkinson.

Autumn in Quebec

Autumn in Quebec

Throughout the summit, speakers acknowledged the contemporary nature of co-operative models; identifying their relevance and potential for the future. Balanced against this, there was a strong call for promotion of the social values that make the models unique.

As one speaker said “Co-operatives have the DNA – the humanist values – you need to promote these since conventional businesses are now doing so and capturing your ground”.

Canada has a strong co-operative sector. The Canadian Parliament’s ‘Special Committee on Cooperatives’ reported that there are 8,500 co-operatives employing 15,000 people with assets of $330bn.

Quebec accounts for almost 40% of Canadian co-operatives and 50% of associated jobs. The provincial government aims to expand their economic contribution by enhancing the legal framework, availability of finance, advisory services and promotion.

quebec

I attended a really interesting workshop organised by Reseau and the Canadian Worker Co-operative Federation, in collaboration with CICOPA. Prominent themes included the difficultly young professionals face in finding work and the increasing number that are deciding to set up their own shared venture (co-operative). Also, recognition that owners are getting older and succession is becoming an issue.

I was pleasantly surprised to find that so many countries are taking a similar approach to Scotland in promoting employee/worker ownership as a solution. A big thank you to Hazel Corcoran for making me so welcome (and helping with translation!)

POSTSCRIPT: So sad that within a fortnight of my visit the openness and hospitality of the Canadians had been assaulted by violence in Montreal and Ottawa. My thoughts are with all those affected. 

Read part two and three of Sarah Deas’ account of her visit to Quebec

 

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