Cooperatives and Mutual Societies: Capital Investment

HM Treasury written question – answered on 29th January 2018.

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Photo of Gareth Thomas Gareth Thomas Party Chair, Co-operative Party

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.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

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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