NEW REPORT | Developing Scotland’s Economy: Increasing the Role of Inclusive and Democratic Business Models
It’s a week since this new report was launched, Developing Scotland’s Economy: Increasing the Role of Inclusive and Democratic Business Models, is an exciting step toward a more inclusive and resilient economy.
The focus on social enterprises, employee-owned businesses, and co-operatives offers a promising vision for a fairer and more democratic economic landscape. By tripling the number of these business models, Scotland has the potential to lead the way in inclusive growth.
However, if we are truly going to transform our economy, words must be matched by decisive action. It’s essential that we move beyond recommendations and implement the support, training, and policies needed to turn this vision into reality. Real change requires more than a blueprint—it needs concrete, sustained efforts from all stakeholders. Only then will we realise the full potential of these transformative business models.
The review focuses on the potential of Inclusive and Democratic Business Models (IDBMs) such as social enterprises, employee-owned businesses, development trusts, and co-operatives to reshape the Scottish economy.
Key recommendations include:
🏢 Establish an effective and extensive eco-system of support for IDBMs, akin to a “Centre of Excellence” to raise awareness, coordinate support, and increase training and funding
📈 Triple the number of IDBMs in Scotland by 2034 with a target of 21,000
📣 Calling on the UK and Scottish Government to explore potential tax relief to support enterprises operating as an IDBM.
This report sets the stage for a new era of business in Scotland, where inclusivity and democracy are at the heart of economic growth. By championing IDBMs, we can build a future that works for everyone.
Read the full report 👉 https://lnkd.in/ehYzDbS6
#InclusiveBusiness #InclusiveEconomy #SocialEnterprise #Cooperatives #EmployeeOwnership
