Co-operatives and employee owned businesses are co-owned companies that are set up to meet common economic, social, or cultural needs. The companies are owned and controlled by their members, who can be employees, businesses or consumers. Profits can be distributed amongst members or invested in community development.
Co-operation has many benefits for businesses, employees and communities, including:
- Increased productivity, innovation and survival
- Rooting of businesses within their communities
- Spreading the benefits more widely
- Active citizenship and skills development
- Environmental commitment
Co-operative Development Scotland was set up in 2006 to increase the contribution of co-operative enterprise to the Scottish economy. You should contact them for advice and support if you are:
- Looking to start a business
- Interested in transferring ownership of your business to your employees
- An established co-owned business
Follow the external link to their website to find out more.