Jim Cunningham – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Jim Cunningham on 2014-04-09.

To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 7 April 2014, Official Report, column 8W, on employee ownership, how many companies have applied to participate in the Shares for Rights Scheme to date.

Jenny Willott

The employee shareholder status is a new employment status that is optional for companies and offer and for individuals to take up. There is no requirement for individuals to apply to Government to become an employee shareholder or for companies to register or apply to Government to use it.

The Government has therefore made no assessment of levels of current or future take-up.