Raising bags of cash for good causes

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Co-operative Group food stores on the Isle of Man and in Northern Ireland are to stock a new range of longer-life reusable carrier bags, which will help the environment and raise bags of cash for good causes. An estimated 70% of coastal plastic waste is from carrier bags, and the Group hopes the move will help reduce the […]

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Central England Co-operative opens store in Duston

Ben Grove, manager of Central England Co-operative’s food store in Duston, pictured with his team.

Central England Co-operative has opened the doors to a new food store in Duston. The Main Road store has created 21 new jobs and provides a wide range of products and services to meet the needs of the local community. Fixtures and fittings include the latest in energy efficient refrigeration and LED lighting. The 3,000 sqft […]

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Baywind energy co-op hands reins over to new share issue

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Britain’s longest established energy co-operative has issued a share offer for its next set of wind turbines. Formed in 1996, Baywind is now handing over to High Winds Community Energy, a community benefit society, which will set up a new generation of turbines through a £3.6m share offer. Potential members are being invited to invest […]

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£150m fund launches for community businesses

The Power to Change has been inspired by such successes as the Butcher's Arms community pub

An independent charitable trust has been set up to support people in developing successful community businesses for the benefit of their local area. The Power to Change has received a £150m endowment from the Big Lottery Fund and will provide funding and support to organisations at different stages of development. The initiative will also play a role in increasing awareness of […]

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Five ways co-ops can help achieve Obama’s vision

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In his State of the Union address, Barack Obama called on politicians and America to get behind his vision for the next two years while he’s in power at the White House. Here, Co-operative News breaks down five points where co-operatives can show their difference . . . Caring for employees In his speech, Obama […]

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Why Italy’s ‘people’s banks’ are not co-operatives anymore

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A new decree issued by the Italian government earlier this week has brought back into question the nature of co-operative banks in Italy. Announced by the Italian government on 20 January, the order aims to consolidate the banking sector by changing governance rules for the country’s ‘people’s banks’ (Banca popolare), which are still labelled as “co-operative banks”. This […]

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Credit unions must change to be sustainable

Mark Lyonette

“The operating model for credit unions needs to be reformed,” according to the chief of Britain’s largest credit union association. Financial co-operatives need to be sustainable without external funding/grants if they are to serve a broad range of people, said Mark Lyonette, chief executive of trade body Abcul at a financial inclusion conference in London. He […]

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Aspirational initiative supports Birmingham youngsters

Mary Adeyemi, a student, from Selly Oak Trust School, with Jim Cunningham, store manager at Central England Co-operative's food store in Stirchley, Birmingham

An initiative from Central England Co-operative is giving students with special educational needs or disadvantaged backgrounds a better chance of getting a job. The society’s Sense to Aspire programme, trialled last year and now in full swing, has already provided 94 students from Selly Oak Trust School in Birmingham with two-day placements in-store. The aim is to […]

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Co-operative Bank relaunches its ethical policy

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The Co-operative Bank has committed to maintaining the ethical policy it has built up since 1992, and from today will also cease trading with a number of companies including payday lenders. Following a survey of 74,000 customers and staff, the ethical policy’s wording has been updated, but it keeps within a similar focus of human rights, […]

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Insurance co-op set up under Obamacare faces liquidation

CoOportunity Health staff in a group photo (c) CoOportunity Health

An insurance co-operative created in 2013 under the Affordable Care Act (AFA) has been taken over by state regulators due to financial concerns. While it hasn’t reached insolvency, CoOportunity Health ran into a liquidity crisis after the federal government informed the carrier it would receive no additional funding. The co-operative, which could face liquidation, is […]

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