Spin outs: from the few to the many

03 December 2013

Chief Executive of the UK Employee Ownership Association Iain Hasdell has posted an editorial on employee-owned spinouts in public services.

More and more public sector entrepreneurs are spinning out the services they manage and deliver into new employee-owned businesses.

These spin-outs currently operate, or are developing, in at least ten different sectors, including health, children and adult social work, fire and rescue services and youth services. In the health economy alone, employee-owned public servicespin-out businesses already deliver more than £1bn of NHS services each year.

There is compelling evidence that employee-owned public service spin-outs maximise productivity, raise the quality and outcomes of services received by users, increase returns on investment for service funders and improve employees’ well-being and the conditions in which they work.

Source: Public Finance, 2 December.