Co-operative Sector

Part of Treasury – in the House of Commons am ar 7 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Jim McMahon Jim McMahon Shadow Minister (Levelling Up, Housing, Communities and Local Government)

As the Minister outlines, co-operatives are worth £41 billion to the UK economy; moreover, they are, on average, 10% more productive than other businesses, twice as likely to survive the first five years of trading, and have higher rates of investment than other private businesses. What more can the Government do to encourage more co-operatives to thrive? Does he believe, as I do, that the creation of co-operative development agencies in every region has to be part of that?