Cooperatives

Treasury written question – answered on 4th April 2022.

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Photo of Jim McMahon Jim McMahon Shadow Secretary of State for Environment, Food and Rural Affairs

To ask the Chancellor of the Exchequer, what assessment he has made of the cooperative sector's contribution to the economy.

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.

Co-operatives UK, the UK’s largest industry body for co-operatives, publishes a report each year about the scale of the sector. Their 2021 report, published in December, noted that there were over 7,200 co-ops employing over 250,000 people, with a combined turnover of £39.7 billion.

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