7. Debate on a Member's Legislative Proposal: An employee ownership Bill

Part of the debate – in the Senedd at 5:07 pm on 20 October 2021.

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Photo of Vikki Howells Vikki Howells Labour 5:07, 20 October 2021

Diolch, Dirprwy Lywydd. So, Tower Colliery stayed operational until 2008, giving people work, keeping money in the local economy, and the tale of Tower, one of triumph, tenacity, and proving the coal board and the Department of Trade and Industry wrong, is remarkable. But the principle of supporting and enabling employee acquisition of the company is one that shouldn't be, and neither should the wider benefits that the operating model brought to the local area.

Community involvement via a liaison committee and a community benefit scheme for villages surrounding the pit, providing funding to groups and individuals and sustaining legacy projects, are all benefits that could be replicated in communities across Wales if we create a framework under which it's easier for employees to buy out the enterprise within which they work. Such a model would also, I suggest, go a long way towards creating the missing middle that is a key objective to developing the foundational economy in Wales. So, I hope that colleagues from around the Siambr can join me in supporting this proposal today.