\n As of now, 95 businesses in the country are employee-owned, surpassing the Welsh Government’s target of reaching 74 by 2026.\n<\/p>\n
\n The announcement comes on Employee Ownership Day, celebrated for highlighting the advantages of businesses owned by their employees.\n<\/p>\n
\n Research indicates that such businesses are particularly successful, with employees showing increased engagement and commitment.\n<\/p>\n
\n The commercial benefits of this model are proving increasingly appealing to entrepreneurs, who see it as a way to attract and reward talented employees, while also fuelling business growth.\n<\/p>\n
\n One business that has transitioned to employee ownership is Cambrian Training Group.\n<\/p>\n
\n The Welshpool company, a leading provider of apprenticeship and vocational training across the country, celebrated 30 years in business by becoming employee owned earlier this year.\n<\/p>\n
\n The company was established in 1995 as a subsidiary of Mid Wales Tourism to deliver vocational and hospitality skills as part of the development of the region\u2019s tourism sector.\n<\/p>\n
\n It now employs 65 staff and has expanded its work-based learning, skills and apprenticeship programmes into a range of other sectors, including manufacturing, retail, and financial services.\n<\/p>\n
\n Arwyn Watkins OBE, of Cambrian Training Group, said: “Securing Employee Ownership Trust (EOT) status is a significant step in our journey.\n<\/p>\n
\n “Our employees are at the heart of everything we do, and this move ensures that they have a direct stake in our continued success.\n<\/p>\n
\n “The decision to move towards an EOT rather than opting for a trade sale was motivated by the desire to sustain the company’s culture, values, and commitment to quality over the long term.”\n<\/p>\n
\n Welsh Government\u2019s Business Wales and Social Business Wales service offers specialist advice to support such employee buy outs.\n<\/p>\n
\n The services offer fully funded and bespoke help to business owners contemplating employee ownership and share schemes.\n<\/p>\n
\n Rebecca Evans, cabinet secretary for economy, energy and planning, said: “By improving employee well-being and job satisfaction, the employee-ownership model plays a key part in strengthening the foundations on which every successful business is built.\n<\/p>\n
\n “I urge more businesses to explore the benefits on offer via Business Wales and Social Business Wales, to ensure Wales-based companies remain in Welsh hands.”<\/p>\n","protected":false},"excerpt":{"rendered":"As of now, 95 businesses in the country are employee-owned, surpassing the Welsh Government’s target of reaching 74…\n","protected":false},"author":2,"featured_media":198632,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5010],"tags":[748,4884,16,15,1764],"class_list":{"0":"post-198631","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-wales","8":"tag-britain","9":"tag-great-britain","10":"tag-uk","11":"tag-united-kingdom","12":"tag-wales"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114713170288718418","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/198631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=198631"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/198631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/198632"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=198631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=198631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=198631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}