Cooperatives

Treasury written question – answered on 23rd September 2021.

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Photo of Steve Reed Steve Reed Shadow Secretary of State for Communities and Local Government

To ask the Chancellor of the Exchequer, what figures his Department holds on the amount spent by local authorities in England on helping to set up new business co-operatives.

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

The Government recognises the value of co-operatives. It is clear they offer a different way of running a business, supporting the needs of their members and their local communities.

HMT does not hold any data regarding the amount spent by local authorities in England on helping to set up new business co-operatives. Local authorities in England have significant freedoms to choose what investments to make and how to finance them.

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