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Cooperatives and Mutual Societies: Public Appointments

Answer

The Government recognises the contribution mutuals and co-operatives make to local communities, to a diverse business sector and a resilient UK economy. In line with the manifesto commitment to double the size of the mutual and co-operative sectors, HM Treasury is taking steps to support growth of the sector nationwide.

At the Co-op Congress on 12 June, the Government announced its intention to appoint a Mutuals Champion, who will raise the profile of the sector, represent its interests, and strengthen dialogue between the sector and the Government. HM Treasury is currently considering the detailed criteria for appointment and finalising the scope of the role, including how the Champion will engage with Ministers and officials. The Champion will continue to put momentum behind the Government’s agenda to support the growth of the mutual and co-operative sectors.

The Government recognises that mutuals and co-operatives face a range of barriers to growth and continues to engage closely with the sector to understand these issues. This includes funding the Law Commission’s independent review of the Co-operative and Community Benefit Societies Act 2014, which is exploring options to modernise and update the legislative framework. The review is expected to report in 2026 and the Government will carefully consider its findings before responding.

As part of this at Mansion House 2024 the Chancellor set out a package of measures to support the growth of the mutual and co-operative sectors. This included welcoming the establishment of the industry-led Mutuals and Co-operative Business Council and asking the PRA and FCA to produce a report on the mutuals landscape. These reports were published in December 2025, and covered co-operatives through the FCA’s role as registering authority.

HM Treasury works with other Government departments on support for mutuals and co-operatives. This includes on the Department for Business and Trade’s call for evidence on business support for co-operatives and non-financial mutuals, which was launched at Budget 2025 and closed in February 2026. In addition, the Ministry for Housing, Communities, and Local Government has announced the launch of a co-operative development unit as part of its Pride in Place Strategy.

The government has made clear its strong commitment to support the mutual and co-operative sectors and help it grow to drive innovation and economic growth across the country. Legislation to modernise the Building Societies Act will be laid before summer recess.

The mutual and co-operative sector produced a combined annual income of £179.2 billion in 2025. ​The sector is comprised of 9,612 independent societies, employing over 1.3 million people. The Government will continue to work in partnership with the sector to support its long-term growth.

Secondary information

Type

Written question

Reference

11369

Session

2026-27

Grouped for answer

Yes

Subjects

Cooperatives Public appointments Mutual societies

Link

View this Written question on www.parliament.uk