The use of employee ownership trusts (EOTs) is becoming increasingly popular in Wales, and last week the Welsh Government said it wants to see more of them.
Originally launched in 2014 as a tax-efficient way of transferring ownership of a company, EOTs are designed to encourage a more ‘collegiate’ ownership model.
They are attractive to business owners as a way to pass on their companies outside of a normal ‘trade sale’ to a competitor or a management buyout.
