NDM7722 Debate on a Members' Legislative Proposal - An employee ownership Bill

NDM7722 Huw Irranca-Davies (Ogmore)

To propose that the Senedd:

1. Notes a proposal for an employee ownership Bill on promoting worker buy-outs and employee ownership.

2. Notes that the purpose of this Bill would be to:

a) legislate for a Welsh Marcora law to provide the legal framework, financial support and advice for worker buy-outs;

b) put in place a statutory duty to double the size of the co-operative economy by 2026 and to actively promote employee-ownership and worker buy-outs;

c) provide financial support and advice for workers to buy out all or part of a business facing closure or down-sizing and to establish a workers co-operative;

d) ensure that all companies in Wales in receipt of public funding or part of the social partnership and ethical procurement chains agree to the principles of worker buy-outs and employee ownership.