Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps her Department plans to take to support co-operatives.

The Government recognises the important contribution that co-operatives make to the economy, serving local communities around the UK and ensuring the UK has a diverse business sector with their model of shared ownership. Co-operatives, alongside other mutuals in the UK, had combined annual revenues of £87.9 billion in 2022, equating to 3.5% of UK GDP.

The Government is committed to supporting the UK’s co-operative and mutuals sector and will be working closely with the sector to address any barriers that it currently faces.