The Department is lending its endorsement to the Philip Baxendale Awards’ new ‘Employee Owned Business of the Year’ prize, which will recognise the best all-round performance of an employee owned company over the last 12 months.
The Philip Baxendale Awards are the UK’s only dedicated celebration of excellence in employee ownership. They are co-hosted by the Employee Ownership Association and Baxendale, an employee owned partnership which provides advice and investment to support new and existing mutual businesses.
Award co-hosts, the Employee Ownership Association, estimate the size of the sector is £30 billion in the UK. The government has committed £50 million in funding to incentivise more companies to adopt employee owned models and from April 2014, company owners who sell a controlling stake to their staff will be eligible for Capital Gains Tax relief.
Nominations for the award are now open, at no cost to entrants. The other 6 award categories include the:
- Outstanding Leadership Award, recognising inspiring individuals or executive teams in an employee owned organisation
- Employee Engagement Award, celebrating meaningful engagement with employees cultures of productive partnership
- Employee Innovation Award, showcasing the most exciting and effective example of innovation within an employee owned organisation
The awards ceremony will take place at a gala dinner on the evening of the 12 November, as part of the 2013 Employee Ownership Association Annual Conference at the National Motorcycle Museum, Solihull, West Midlands.
To submit a nomination, or for more information on the Awards, please email firstname.lastname@example.org or visit baxendale.co.uk/awards/