<![CDATA[UKShareCo - Press]]>Fri, 29 Jan 2016 01:43:41 -0800Weebly<![CDATA[A Tide Raising all Boats: eRated and UKShareCo]]>Wed, 18 Mar 2015 17:51:17 GMThttp://www.ukshare.co/press/a-tide-raising-all-boats-erated-and-uksharecoUKShareCo is an association of sharing economy marketplaces and service providers who are committed to growing and securing this space for the betterment of its users.  Through building trust, insuring the future, protecting users and sharing knowledge UKShareCo is the first association for sharing economy partners. eRated is proud to sign up to an association that is affordable, democratic and progressive – it’s about being part of a tide that raises all boats.

UKShareCo conveners Raj (Sooqini) and Paul (RentMyItems) make signing up easy for organizations regardless of space or scale.  It’s a matter of signing the association Charter.  The Charter is really a declaration of principles and a commitment to action, as much as it is an obligatory document.

Let me tell you why we joined UKShareCo.

Building Trust: For eRated, of particular importance is the emphasis on building a community of trust.  Online marketplaces, which are really the constituent components of the sharing economy, are platforms with foundations build on trust.  Users will not transact with one another unless they trust one another.  By committing to the principle of building trust in marketplaces, UKShareCo members underscore the importance of this in the sharing economy and obligate themselves to a high standard.  The association will act as an accountability mechanism to ensure members are doing enough to engender trust.  More importantly, the association hopes to help its members build trust.  That’s where eRated can help.

Insuring the Future: Insurance is another sticking point sharing economy members have been struggling to address since its advent.  With strength in numbers, UKShareCo will explore on behalf of its members a responsible insurance framework to secure users during transactions and protect marketplaces and their operators from risky liability.

Protecting Users: Part of creating communities of trust is keeping track of users who abuse platforms.  Many sharing economy detractors rightly point out that platforms can never be sure if new members with no history in the marketplace will misuse products or services.  By creating a watch list, UKShareCo is creating a repository of irresponsibility to protect members and, most importantly, marketplace users.

Shared Knowledge: Finally, what we’ve been missing for so long in the sharing economy space is a place for marketplaces and sharing economy service providers to share best practices, offer solutions and resolve shared problems.  If a member wants to test a new product in a trusted community, UKShareCo offers that space.  If a member is struggling to find a payment system, UKShareCo is a body of shared knowledge where members can review and source solutions.  Additionally, members are seeking to cross-promote with the common understanding that someone who shares their car will be more likely to source a task or swap their apartment.

The sharing economy is a diffuse and dynamic place.  Until recently, there have been few centralizing bodies in this space: UKShareCo is filling this gap.

If you’re looking to make a statement about your commitment to the sharing economy, signing on with UKShareCo is a great first step.

Matthew Godwin   Stakeholders Relations Manager at eRated
Hailing originally from Canada, Matt is a PhD student at UCL in London, England.With a background in politics and academia, Matt is a recent convert to the start-up world.Passionate about collaborative consumption and the shared economy, please be in touch]]>
<![CDATA[UKShareCo reaction to yesterday’s release of an independent review on the Sharing Economy]]>Thu, 27 Nov 2014 15:52:08 GMThttp://www.ukshare.co/press/ukshareco-reaction-to-yesterdays-release-of-an-independent-review-on-the-sharing-economyThe UK Share Coalition ( UKShareCo ) is an organisation of UK-based Sharing Economy companies, dedicated to growing and improving the Sharing Economy in the UK. 

Yesterday morning saw the launch of the independent review on the Sharing Economy carried out by Debbie Wosskow. 

The result was 30 key recommendations for government to implement that could help turn the UK into a centre for the Sharing Economy that PwC estimate will be valued at $9 billion by 2025.

“From car-pooling to shared office space, the sharing economy sector is undoubtedly coming of age and we hope that today’s recommendations will allow the UK Government to both fully embrace and correctly regulate this space” said Wosskow.

Raj Singh, Chairman of UKShareCo welcomed the report saying, “UKShareCo was formed with the express purpose of making the UK the best place to share in the world. We are gratified to see the report highlight the same challenges and mission, and look forward to working closely with the Government and other participants in the Sharing Economy to make this a reality”.

Startups from UKShareCo share their reaction to the report below:

A trade body for the Sharing Economy
Warren Heal, Founder of RentMyItems - a site that allows people to rent out household items when they are not using them - had the following to say:

‘Great to see the UK Sharing Economy Review published today, and to read that the significant hurdles we foresee are highlighted for the Government’s response.’ 

‘The report highlighted the fact that a UK trade body to represent the industry is vital to its continuing growth and success, and this is welcome news. UKShareCo, with its growing member list and specific aim of promoting the Sharing Economy, is well placed to lead this not only in the UK, but across Europe.’

‘In addition to the recommendations, we are actively discussing a Deposit Protection Scheme for the Sharing Economy where items are often loaned/rented for a matter of hours, days or a week.’

For Profit Car Sharing
The report recommended that drivers should be able to earn a profit from car sharing providing the drivers already intended to go the same way. Drummond Gilbert, CEO of car journey sharing GoCarShare adds:

‘The current legislation that states that drivers’ can’t profit from car sharing was passed in 1981 - the year that I was born.’ 

‘It is time that the law is updated to take into account that not all drivers now need to own a car and that new technologies mean that cars can be used much more efficiently.’

‘By allowing drivers to become ‘microentrepreneurs’ earning money from taking people going the same way, for the first time there is real potential for car sharing to be a mainstream method of travel in the UK.’

On Trust
Sam Parton, CEO of OpenPlay, which unearth and open up hidden schools, parks and community sites to get more people active had the following to say:

‘Trust is the biggest barrier to the sharing economy and is essentially what all platforms involved in it are selling. So anything to promote trust through raising awareness and breaking down barriers to adoption is massively important. It will certainly help.

On Regulations and Insurance
Raj Singh, CEO of Sooqini, a task marketplace for Small Businesses said:

“Addressing the issues of regulations and insurance are of critical importance to task and skill sharing companies, and we welcome the Government’s willingness to listen to our needs. Anything that can be done to clarify the legal and regulatory environment for the Sharing Economy would be most welcome.”

For more information, please contact:
Paul Savident
paul@ukshare.co
+44 7966 014911

NOTES FOR EDITORS

UKShareCo founder members:
Sooqini.com - lets people offer their skills and services for pay to small businesses needing help
GoCarShare.com - helps eliminate duplicate road journeys by matching with drivers with car-less people
RentMyItems.com - lets people hire out unused and under-utilised household items for a fee
OpenPlay.co.uk - helps would-be sports stars find and book local sporting facilities
HireSpace.com - offers unused event spaces to organisations seeking flexible venues
StreetPin.com - lets citizens post and view local notice boards
JustPark.com (formerly ParkAtMyHouse) - helps garage owners profit from renting unused space to hard-pressed commuters
StoreNextDoor.com - helps people hire out under-utilised spaces in homes, garages and other spaces
Rentez-Vous.com – helps those interested in fashion, and fashion designers, share clothes

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<![CDATA[UKShareCo body formed to push the UK’s Sharing Economy to the fore]]>Thu, 13 Nov 2014 11:47:27 GMThttp://www.ukshare.co/press/ukshareco-body-formed-to-push-the-uks-sharing-economy-to-the-forePRESS RELEASE: 13 November 2014

Companies from across the new “Sharing Economy” are set to work together in their industry’s collective interest by forming the UK Sharing Coalition – UKShareCo www.ukshare.co – a representative body to highlight the increasing importance of this fast-growing sector to UK GDP.


Using services like Sooqini, GoCarShare, RentMyItems, and OpenPlay consumers can hire out their services, skills or household items and property to peers who can now rent, borrow or gift, rather than own, the things they need.  UKShareCo brings together some of the sector’s leading names to drive awareness of its importance, to make the case for effective regulation, and to establish a trust infrastructure that spans the entire ecosystem, helping consumers and service providers benefit from a single rating no matter what the site.


“We want to make everyone in the UK aware of what can be gained from using our members’ services,” said Raj Singh, CEO of skills-hiring service Sooqini, who will serve as UKShareCo’s inaugural chairperson for a six-month term before the role rotates amongst its membership. “Opinion Research, commissioned by The People Who Share for their State of the Sharing Economy Report series, states this people-led revolution is contributing £22.4 billion to the UK economy, which is 1.3% of GDP, and predicted to rise to 15% within 5 years.” (Original research here)


64% of UK adults, or 32.4 million, now participate in The Sharing Economy.
The State of the Sharing Economy 2013 Report, The People Who Share

In the US, Sharing Economy services such as Airbnb and Uber have been challenged by legislative action from incumbent hotel and taxi groups alarmed by the rising threat from people-powered service sharing. Similar issues have been raised in Berlin and Paris. Through UKShareCo, British counterparts can avoid similar action, Singh said:

“The US marketplace is relatively fragmented. We want to make the UK the easiest and best place in the world to share. With one voice, we will proactively and positively demonstrate that, allowed to flourish, the Sharing Economy is helping individuals to save money and make money, reducing our throwaway consumption culture and adds up to great news for the wider economy.”

Central to UKShareCo’s operation will be ensuring both kinds of users of Sharing Economy companies - service vendors and end customers alike, can be certain of each other’s trustworthiness. All UKShareCo members will display the UKShareCo logo on their website to assure customers of their professionalism and adherence to a code of conduct. UKShareCo is also instigating tailored insurance for its members, adding a further level of trust and confidence for their users.  Also in discussion is a Deposit Protection Scheme for those member companies who require deposits to be taken as part of the rental/sharing process.

"We are delighted to be a founding member of UKShareCo. These are exciting times for the UK Sharing Economy and companies such as RentMyItems are ideally placed to contribute to this new coalition to promote this burgeoning industry in the UK. Industry members’ involvement on the current Sharing Economy Review by the Government, as part of the Challenger Business Programme, highlights the impact that the Sharing Economy is already making in the UK.  It is clear that an organisation that champions this industry can only be beneficial to Sharing Economy businesses, consumers and the wider society."  Warren Heal, Founder - RentMyItems.

The UK Government has taken an active interest in promoting the UK as a leader in the Sharing Economy. At the Conservative Party Conference in September Matthew Hancock, Business and Enterprise Minister, announced an ambition to transform the UK into the “global centre” for the sharing economy. “There’s huge economic potential for the sharing economy and I want to make sure that the UK is front and centre of that.  By backing the sharing economy we’re backing the innovators, the competitors and the agitators. We’re making sure that Britain is at the forefront of progress and by future proofing our economy we’re helping to protect the next generation.”

For more information, please contact:
Paul Savident
paul@ukshare.co
+44 7966 014911


NOTES FOR EDITORS

UKShareCo founder members:
   Sooqini.com - lets people offer their skills and services for pay to small businesses needing help
   GoCarShare.com - helps eliminate duplicate road journeys by matching with drivers with car-less people
   RentMyItems.com - lets people hire out unused and under-utilised household items for a fee
   OpenPlay.co.uk - helps would-be sports stars find and book local sporting facilities
   HireSpace.com - offers unused event spaces to organisations seeking flexible venues
   StreetPin.com - lets citizens post and view local notice boards
   JustPark.com (formerly ParkAtMyHouse) - helps garage owners profit from renting unused space to hard-pressed commuters
   StoreNextDoor.com - helps people hire out under-utilised spaces in homes, garages and other spaces
   Rentez-Vous.com – helps those interested in fashion, and fashion designers, share clothes


From Marco Torregosa, European Sharing Economy Coalition:
Hearing about the launch of UK Share Co. is music to my ears. The Coalition will be instrumental to set the right policy and market framework for the Sharing Economy to prosper both in Uk and Europe. Knowing the people behind it, I am convinced the Coalition has in its DNA the necessary leadership to succeed. I really look forward to collaboration”.

From Jesse Biroscak, BayShare:
“BayShare, a coalition of San Francisco Bay Area sharing economy companies and organizations, is proud to support the UK Share Co's announcement of their launch. This event has been a long time in the making and BayShare is excited to see the UK take this step into the public eye. 
The UKShareCo has consistently taken an inclusive, progress-oriented stance towards bringing the sharing economy into the mainstream of UK society. BayShare has been in close contact with the UKShareCo during its development and is proud to be affiliated with that organization. When companies and organizations can band together in competitive collaboration to move an entire industry forward, as organized by the UKShareCo, similar organizations, such as BayShare, see similar advances and benefits in our own regions of focus.
BayShare fully supports the UKShareCo's efforts to advance the interests of the Sharing Economy in the UK and to lead by example for the rest of the world.“

 From Daan Weedepohl, ShareNL:
”ShareNL is a great connector for the Dutch sharing economy. It's helped sharing companies to learn from each other and to connect to relevant government and business partners. We are excited to welcome UKShareCo to the European sharing scene, and believe that we share a common vision and goals.  ShareNL is doing an amazing job at promoting the sharing economy to the general public, and we think UKShareCo can do the same for the UK.”

Natalie Foster (Co-Founder and Executive Director, Peers.org) interviewed for FastCompany
“We no longer live in a binary space of business versus the grassroots. Businesses can be part of social change.  This space between social benefit and economic benefit is where The Sharing Economy is growing fast.


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