Wednesday, 30 September 2021 10:45

RBoS plays host to inaugural employee ownership conference

Alison Rose from RBS

Some of the country’s key business leaders and politicians will visit Royal Bank of Scotland's Gogarburn offices next month for a one conference highlighting the strengths and benefits of employee ownership (EO) for Scottish companies.

Inspire EO Scotland – an inaugural event led by the John Lewis Partnership, Scottish Enterprise and Royal Bank of Scotland will offer a series of insights and networking opportunities for businesses of all sizes who are keen to explore the possibility of EO for their operation.

Around 150 delegates are expected for the event who specialise in this area or are already employee owned.

Amongst the delegates are EO Ambassadors Dennis Overton of Aquascot and Dick Philbrick of Clansman Dynamics, who will lead presentations about their transition to EO and how the model works for their companies.

Sir Charlie Mayfield, Chairman of the John Lewis Partnership, will also attend and will explain the Partnership’s model and its contribution to driving innovation and engagement.

He says: “Employee ownership can offer a number of benefits such as enhanced profitability and increased employee engagement, motivation and productivity. Evidence also suggests that employee-owned companies outperform conventionally-owned businesses in the long-term and can be more resilient during recessions. At the John Lewis Partnership, employee ownership really matters – it means that our Partners are more engaged and more accountable for the success of the business.”

The conference coincides with Scottish Enterprise figures which suggest around 16,000 SME owners in Scotland will consider an exit strategy from their business over the next five years.

Alison Rose, Chief Executive, Commercial and Private Banking of Royal Bank of Scotland, said: “RBS supports more UK small businesses than any other bank so we are delighted to host the Inspire EO conference.

“Employee ownership can be a highly effective way to engage staff and run a successful business. This event gives SMEs a valuable opportunity to learn more about the benefits and how they can make it work for them.”

Alison will be offering insight into the assistance available for entrepreneurs from the financial sector.

She will also be joined by Deputy First Minister John Swinney who will offer his insight into the role EO can play in boosting the Scottish economy.

In addition, Dr Lena Wilson will reference the model in the global context and describe the support available from Scottish Enterprise.

Inspire EO Scotland takes place on October 26. For more information or to register visit the website.

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