Labour and Co-operative Member of
Parliament for Kemptown and Peacehaven

Parliamentary question: Employee Buy-outs

Lloyd Russell-Moyle MP to Mel Stride MP, The Financial Secretary to the Treasury on 11 Sep 2018
Lloyd Russell-Moyle MP
"Small and medium-sized businesses are the lifeblood of the economies of local communities, but with 60% of small businesses with no succession plan after their founders retire, what are the Government doing to ensure that employee ownership is one of the options going forward to keep businesses going?"
Mel Stride MP, The Financial Secretary to the Treasury
"I have set out a number of the schemes that the Government are moving forward with, and, of course, that has been with great success. In 2016-17, some 3 million employees entered into SIP share arrangements, 400,000 entered into arrangements under save-as-you earn with an average value of shareholding of some £5,000, and 3,500 employees were offered EMI schemes in that particular year."

Labour and Co-operative Member of
Parliament for Kemptown and Peacehaven

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