Mentions:
1: Lord Shipley (LDEM - Life peer) :“Without increasing the supply of places for children to live, we are sceptical that regional care cooperatives - Speech Link
Asked by: Jim McMahon (Labour (Co-op) - Oldham West and Royton)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the contribution of the cooperative sector to the UK economy.
Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)
The Government is committed to having a thriving co-operative sector and creating a modern and supportive business environment in the UK. The Government acknowledges the vital contribution co-operatives make to the economy, serving local communities up and down the UK. The latest Co-operative and Mutual Economy Report 2023, conducted by the trade body Co-operatives UK, found that co-operatives generated a combined, annual turnover of £40.9 billion, a 3.7% increase from 2022 levels.
The Government has taken significant steps to support the co-operative sector in recent years. For example, the Co-operative and Community Benefit Societies Act 2014 helped cut through the legal complexity involved in running a co-operative, improving their competitiveness. Additionally, at Budget 2021, the Government announced the £150m Community Ownership Fund. This allows community groups to bid for up to £2 million matched-funding to help them buy or take over local community assets at risk of being lost and run them as community-owned businesses, supporting co-operative entrepreneurship. To date, 195 projects across the UK have benefitted from the fund.
Earlier this year, the Government-supported Co-operatives, Mutuals, and Friendly Societies Act 2023 came into force, which grants HM Treasury the power to bring forward regulations to give those mutuals further flexibility in determining for themselves the best strategies for their business regarding their surplus capital.
Furthermore, the Government also aims to continue to develop a modern and supportive business environment to set co-operatives and mutuals up for success. The Government has commissioned the Law Commission to conduct reviews of the Co-operative and Community Benefit Societies Act 2014 and the Friendly Societies Act 1992. These reviews will investigate necessary changes to legislation that will help support co-operatives and friendly societies in their future growth and success.
Written Evidence Feb. 06 2024
Inquiry: Children’s social careFound: Actions being taken forward as pilot activity include the formation of Regional Care Cooperatives
Apr. 17 2024
Source Page: Letter dated 11/04/2024 from Viscount Camrose to Peers regarding the Data Protection and Digital Information Bill committee stage debate (first three days): policy on data communities, reforms to the definition of personal data, savings from reforms to subject access requests, technical amendments, protections for children's data, ICO role in protecting children, Automated Decision Making, public sector compliance with Algorithmic Transparency Recording Standard, and international data transfers. 10p.Found: In addition to data communities, intermediaries include data cooperatives, data exchanges, data trusts
Found: In addition to data communities, intermediaries include data cooperatives, data exchanges, data trusts
Report May. 25 2023
Committee: Public Services CommitteeFound: Regional Care Cooperatives 105.
Found: This impedes co -housing groups such as housing cooperatives from acquiring assets that are under -utilised
Written Evidence May. 21 2024
Inquiry: FCDO and civil societiesFound: In Rwanda, for example, women’s money saving schemes and cooperatives have provided access to
Found: The bill would permit ministers to submit draft regulations for parliamentary approval enabling cooperatives
Written Evidence Feb. 27 2024
Inquiry: Children’s social careFound: Residential childcare was also largely neglected from the review , with Regional Care Cooperatives (