NDM7722 - Debate on Members’ Legislative ProposalTabled on 17/06/2021 | For debate on 20/10/2021
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.