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Examples
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Inspired by the Conservatives' big society'' vision to create more locally designed and led services, it has committed to giving employees the right to take over and run their services as social enterprises and mutual spin-outs.
Party conference preview: social enterprise will take centre stage 2011
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So what we suggest is that we in the social enterprise sector get better at articulating what we stand for, particularly when it comes to public sector spin-outs.
Trade unions and social enterprise: time to find common ground 2011
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These universities also supported 67% of all graduate start-ups in 2007-08 and 24% of staff spin-outs, leading the way in entrepreneurship and enterprise.
Why research funding should be given to more than the privileged few 2011
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We have also seen consistent references by Francis Maude to the idea of partnerships between emerging spin-outs and the private or third sectors.
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Supporters of spin-outs would argue, correctly, that new spin-out ventures which are employee-owned, locally focused and not just a branch or a project of a national organisation would be a better partner to a local authority.
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Glaxo cited the patent box as a reason for its recent launch of a new £50m "venture capital fund" to invest in university spin-outs and early-stage healthcare firms, and to spend £500m on expanding manufacturing in the UK.
Fears for UK hi-tech jobs mount as Pfizer closes lab in Sandwich 2011
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Then, further assurance needs to be given around how pensions will work, how public bodies can avoid legal challenges if they create a spin-out and how the creation of spin-outs can be financed.
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A trickle of spin-outs has not yet turned into a flood.
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One leader, a former director of local authority adult services who does not wish to be named and who now leads a new social business, warns that spin-outs will struggle unless senior players are prepared to put themselves on the line.
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Most spin-outs have been standalone entities, often set up using government grants and loans to get them going.
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