By David Bicknell
I recently spoke with the London Borough of Hammersmith & Fulham about their mutual ‘Pathfinder’ project, which is due to be up and running in 2012.
The current plan is for all three boroughs – the other two are Kensington and Chelsea, and Westminster - to join the mutual in ‘early 2012′.
The three boroughs are now developing the full business plan for the mutual and are looking at the sustainability of the project, with a shadow board of directors meeting regularly to discuss and work out the finer details about how to bring the three teams together across the boroughs.
Other work is going on to finalise the tri-borough mutual vision statement and create a company name (word has it that the current working title is 3BM: Three Borough Mutual) and logo ,which all staff members have been able to contribute to to reinforce the employee ownership of the scheme.
Meanwhile a mentor from the John Lewis Partnership is working with the fledgling mutual to provide what’s described as ‘invaluable support’ on the shareholding model.