A leading international figure responsible for setting up successful and profitable co-operative businesses, is visiting Preston to pass on his knowledge and advice.
Ted Howard, a leading American social entrepreneur and author, who has led a number of multi-million dollar worker-owned businesses, is giving a public lecture at the University of Central Lancashire on Tuesday October 30.
Preston councillor Matthew Brown, cabinet member for community engagement and inclusion at the Town Hall, said the visit was a coup for the city.
He added: “Ted Howard is a world renowned academic and creative thinker. He has helped set up successful co-operatives and worker-owned businesses that turnover millions of dollars every year.
“By setting up these businesses he has helped tackle unemployment and given people the chance to own shares in their company, which are now worth tens of thousands of dollars.
“By bringing together institutions like universities and hospitals, Ted was able to raise capital to establish worker co-operatives that have then gone on to be major success stories, generating significant profits. Being worker-owned these profits are then shared amongst the workforce.
“There is a lot to be gained here and I am delighted that we can learn from Ted in our quest to make Preston a co-operative friendly city. Co-operatives and worker-owned businesses have a big part to play in the local economy, especially given the current climate.
“We are exploring all avenues to assist, help and support people.”