Representatives of a number of mutual and co-operative trade bodies have published a letter stating that they look forward to working with the Government to deliver the Labour Party manifesto commitment to double the size of the mutual and co-operative sector.
The letter, written by a number of chief executives of the mutual trade bodies Co-operatives UK, The Association of Financial Mutuals, the Building Societies Association and ABCUL, have written to Sir Keir Starmer offering the support of the sector to help deliver growth and sustainable benefits to wider society.
The letter invited the incoming Prime Minister to work with them to create an environment that places mutuals and co-operatives at the heart of his Government’s policy, deliver a legislative and regulatory framework that enables mutuals and co-operatives to meet the needs of the communities they serve, and to unlock new capital raising options for new and growing mutuals and co-operatives.
This move builds on the ambitions outlined in the joint Prospectus, which was launched in November 2023.
It highlighted the value provided by mutuals and cooperatives, with more than 74 million memberships across the UK.
