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B863 - Worker Cooperative Bill 2015 watch

    • Very Important Poster
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    I feel that there should be a few more criterium to meet to get the grant. Just 'be a cooperative' is a poor reason.
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    A welcome idea. I would like to see some more detail, perhaps in a second reading. There ought to be some criteria, including perhaps that they pay any employees the Living Wage, and that they adopt good practices on sustainability.
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    It does need to be fleshed out more with some specific criteria for a cooperative to be valid. However I really like the general idea so it'll be an Aye either way.
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    As has been said above, needs a little more detail. Looks good though

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    (Original post by TheDefiniteArticle)
    Would like to see it fleshed out a bit more (would like to see the status come with a ban on listing on any public stock exchange for a number of years, and - and I think this is very important - I think the money should be given only on purpose trusts to prevent fraudulent usage), but at the moment it's an aye.
    Aye, I'd echo these comments. There's nothing to stop people setting up a co-operative, taking the grant, disbanding the co-operative and walking away with the money. There needs to be some target associated with these grants - if we can get that put in, it's an aye.
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    A thousand million ayes
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    (Original post by Aph)
    I feel that there should be a few more criterium to meet to get the grant. Just 'be a cooperative' is a poor reason.
    Watch your Latinate plural formation there Aph
    • Study Helper
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    I like the idea but the bill itself seems to be lacking detail. You've explained it well in your responses to the questions that have been asked, but some of those details should've been in the bill. Therefore, nay, for now.
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    Aye, of course.

    I shall point out that (as evidenced by responses in this thread) the lack of detail is not for a lack of depth to the idea but rather to give the Department of BIS flexibility. However some good points have been raised and I'll definitely make sure this bill is up to scratch for the second reading.
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    This has gone to a second reading.
 
 
 
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