Part of the debate – in the Senedd at 5:02 pm on 20 October 2021.
And if I could take a second as well to say that the Italians are ahead of the game here, as Huw has pointed out, with the Marcora law. Evviva Italia. Between 2007 and 2013, the law helped to evolve businesses into worker co-operatives and saved over 13,000 jobs. Imagine how many jobs we could have saved over the years had we had a similar provision available for worker buy-outs here in Wales. And imagine the potential security we could have given to workers who would have known that the Welsh Government would be able to support them with buying out the business they worked for if that business and their livelihoods were under threat.
But Italy isn't the only example of where worker co-operatives have brought economic prosperity. Just look at the Basque Country, which was in the same position we find ourselves in today. The Basque Country had a long history of being the scene of industry, especially steel making, but most workers were poorly paid and struggling to get by. Due to time constraints, Dirprwy Lywydd, I won't go into the long history of the co-operative movement there, but we all know the end result through Mondragon. It was interesting, actually, to hear from representatives of the steel co-operatives of the Basque Country that their only complaint was that they wished they had done it sooner.
Finally, Dirprwy Lywydd, I was pleased to hear yesterday in the economy Minister's statement a commitment to strengthening and expanding the co-operative sector in Wales. But we have to ensure that we put words into action; we can't pay lip service anymore. And that's one of the reasons why I was so ready to support this motion. There are tangible and achievable asks set out within this motion that could help the sector to flourish in Wales. I would hope that the Senedd passes this motion, and I hope the Minister considers its contents seriously. Diolch.