For over 30 years, Italy’s Marcora Law has provided workers at risk of losing their jobs when their workplace closes with capital to buyout the business – as well as access to support and guidance to make it successful.

Not only does this keep people in jobs and ensure businesses stay open and productive, it also means the economy can over time shift to a fairer, more democratic structure where employees have a say and a stake in their workplaces. The evidence shows that it works: the investment has payed off sixfold and saved thousands of jobs.

In Wales, a similar law could radically reshape the Welsh economy, keep thousands of people in work, and make a fairer, more democratic economy.

Will you add your name now to support a new law to provide greater support for worker buyouts to double the number of employee-owned businesses?