Question to the HM Treasury:

To ask Her Majesty's Government what support they provide to help individuals to establish cooperative businesses.

In 2014 the Government passed the Co-operative and Community Benefit Societies Act, to reduce legal complexity for co-operatives and community benefit societies, and increased the amount of share capital an individual member can put into a cooperative society to £100,000.

Co-operatives UK’s ’Co-op Economy’ report has found that annual turnover for co-operative and mutual businesses across the UK has grown year on year, reaching a record high of £37.7 billion in 2019.