Gareth Thomas

Gareth Thomas

Labour (Co-op) — Harrow West

Speaking in the House of Commons on 12 December 2024

Debate

Co-operatives

Contribution

My hon. Friend is absolutely right to underline the positive community impacts that co-operatives, mutual businesses and social enterprises can have not only on our high streets, but in our communities more generally. We recently announced a significant increase in the capital available to the British Business Bank, and that has enabled us to give £150 million of additional support to community banks, or community development finance institutions, as they are officially known. That will help drive more lending to community businesses, potentially including the one he set out, but if there is anything I can do to support the initiative, I would be happy to meet him to discuss it.

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