Construction group launches three-year employee ownership plan

Gusto Group, a B corp-certified construction and manufacturing company has announced its transition to an Employee Ownership Trust (EOT) by 2027.

It is the parent company to Gusto Homes, Gusto Construction & Rototek and employs 150 people.

Gusto Group’s EOT initiative will transfer 100% of the Group’s ownership to an Employee Owned Trust on March 31, 2027, meaning all employees will share in the ownership of the Group.

Founded in 1992 by Chairman Steff Wright, Gusto Group is based in Nottingham and for over three decades has focused on sustainable construction and manufacturing.

All employees, from new hires to long-time staff, have now been allocated share options to encourage business growth over the next three years before the transition to an EOT.

Wright said: “Approaches from several parties interested in purchasing Gusto Group prompted me to rethink the business’ future. I wanted to find a way for the employees who have worked so hard to build Gusto Group into a £25m business to be the ones to benefit from its continued growth. I am also passionate about the Group maintaining its identity and ethical ethos. Transferring ownership to our employees was the option that aligned with our company’s values.”