Published9th July 2020
Last updated9th November 2020
Our submission to government makes seven recommendations:
- Make a one-off £20 million grant to help capitalise a new Community Shares Institutional Investor
- Provide £5 million over five years to support more communities to use Community Shares effectively
- Fund initiatives that nurture and mobilise social capital in high deprivation communities
- Fund bespoke peer coaching and mentoring initiatives in high deprivation communities
- Fund programmes to develop the efficacy of existing community organisations
- Help fund the expansion of the ‘platform co-op accelerator’ to towns and cities across the UK
- Include a significant role for community-led economic development in new post-Brexit schemes for ‘levelling up’
Community co-operation in the Covid-19 recovery
Co-ops are pivotal to helping our communities and country build back better from Covid-19. In this short paper we make four co-op ‘offers’ to everyone working for a more sustainable and just future.
The UK and devolved governments have introduced measures to help businesses cope with the disruption caused by Covid‑19, including grants, tax reliefs and credit facilities.
Our short paper sets out why city regions should support the creation of employee and worker owned businesses, via both start-up and conversions, in their Covid-19 recovery strategies.