Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to support the growth of co-operatives in North East Somerset and Hanham constituency.

The Government is committed to supporting the growth of the co-operatives and mutuals sector and recognises its important role in driving competition, financial inclusion and consumer choice. Since Mansion House 2024, the Government has been delivering a multi-year programme of reforms to support its ambition to double the size of the sector over the long term, including in North East Somerset and Hanham.

This includes supporting the sector’s long-term development through the Law Commission’s independent review of co-operative legislation and ongoing engagement with the industry-led Mutual and Co-operative Sector Business Council. The Department for Business, Innovation, Science and Trade is also considering responses to its call for evidence on how the government can continue to support co-operatives and non-financial mutuals to start, grow and sustain, as well as support existing businesses transition into a co-operative or mutual model. The Government’s approach focuses on removing barriers to growth and creating the conditions for sustainable expansion across the sector.