Business, Innovation and Skills written question – answered at on 24 January 2014.
To ask the Secretary of State for Business, Innovation and Skills how many businesses located in Cumbria have adopted employee shareholder status for some or all of their employees since September 2013.
Those thinking of using the new status may seek advice from a number of different sources such as their legal contacts, or a helpline or business organisation but there is no requirement on any company wishing to offer an employee shareholder contract to notify any Government Department or agency in advance.
Consequently, details of the number of companies offering employee shareholder status or the number of employee shareholders are not available at the national or Cumbrian level.
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