EMPLOYEE OWNERSHIP AT CHEMCO INTERNATIONAL

That this House welcomes Coatbridge-based specialist coatings company Chemco International becoming 100 per cent employee owned; congratulates the 24 staff members and company founder Manny Khorasani for pursuing employee ownership to protect jobs, skills and ties with the local community; urges other businesses to consider employee ownership as a viable business model; and calls on the Government to promote employee ownership in the UK economy.