Oral QuestionDepartment for Business and Trade

What steps his Department is taking to help increase the size of the cooperative sector.

Tabled: 5 December 2024Answered: 12 December 2024

Asked by

Patrick Hurley

LabourSouthport

Answering Minister

the Secretary of State for Business and Trade

Answer from Hansard

The Parliamentary Under-Secretary of State for Business and Trade (Gareth Thomas)

The Government are committed to doubling the size of the mutuals and co-op sector. The creation of Great British Energy will help drive a significant expansion in the number of energy co-operatives, while work to modernise co-op, credit union and mutual law to drive expansion was recently announced by Treasury colleagues. We will work particularly closely with the recently established mutual and co-operative business council on this agenda. We will bring forward further proposals in due course.