Association praises John Lewis scheme

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John Lewis’ Sheffield store has put its highly successful partnership scheme under the spotlight for new members of the Employee Ownership Association in Sheffield and the surrounding region.

The association, which opened its first regional office in the city last year, wants to see 10 per cent of the UK’s GDP generated by employee- owned businesses by 2020. It believes the local business community could play a major part in hitting that target.

“South Yorkshire, and Sheffield in particular, is a hub for employee ownership excellence in the UK,” said association chief executive, Iain Hasdell.

Mr Hasdell cited the John Lewis Partnership and Sheffield company Gripple as shining examples of the benefits of employee ownership.

“The John Lewis Partnership is one of the largest examples in the UK of a company entirely owned by its employees, with benefits and profits shared by all,” he said.

“And Gripple Limited are a fantastic example of just how successful a company can be when staff are engaged and help drive the business.”

Mr Hasdell says there has been an increase in local interest in employee ownership since the association opened its office in Sheffield. Companies involved include the newly employee-owned Sheffield pharmacy Associated Chemists (Wicker).