Cooperatives and Mutual Societies: Capital Investment

(asked on 24th January 2018) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps he is taking to help co-operatives and mutuals obtain access to capital for expansion and referencing; and if he will make a statement.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 29th January 2018

The Government recognises the importance of long-term investment capital for all businesses, including co-operatives and other mutuals, in helping them to maximise their potential.

The Government therefore supports measures that help co-operatives and other mutuals attract more long-term investment, helping them boost their capital base. It welcomes the role played by some private sector companies in providing this.

More broadly, the Government remains committed to supporting small businesses’ access to the finance they need to grow and expand. We have established the British Business Bank to make finance markets work better for small businesses, and introduced the Bank Referral Scheme and the SME credit data sharing scheme.

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