Cooperatives and Social Enterprises

HM Treasury written question – answered on 30th June 2017.

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Photo of Luke Pollard Luke Pollard Labour/Co-operative, Plymouth, Sutton and Devonport

To ask Mr Chancellor of the Exchequer, what plans his Department has to support the growth of the co-operative and social enterprise sector.

Photo of Luke Pollard Luke Pollard Labour/Co-operative, Plymouth, Sutton and Devonport

To ask Mr Chancellor of the Exchequer, what discussions he has had with his European counterparts on measures aimed at supporting the growth of the co-operative sector.

Photo of Martyn Day Martyn Day Scottish National Party, Linlithgow and East Falkirk

To ask Mr Chancellor of the Exchequer, what steps he is taking to support the growth of social enterprises and cooperatives.

Photo of Stephen Barclay Stephen Barclay The Economic Secretary to the Treasury

The Government is strongly supportive of both the co-operative and social enterprise sectors. The Government supports social enterprises in various ways, including championing procurement for social value. At Spring Budget 2017, the Government also announced that the thresholds at which co-operatives will have to conduct a full audit will increase in line with those for companies. This will allow co-operatives to use more of their resources to benefit their members. The Government will continue to explore further ways to support the sector.

Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel.

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