Government to appoint new "champion" for UK's co-operative and mutual sector

Rachel Blake MP backed the growth of co-operatives and mutuals at Co-op Congress today (12 June) and announced government's plans to appoint a new "champion" for the sector.

The Economic Secretary to the Treasury says the new role will help raise the sector's profile and represent the interests of co-operatives and mutuals across government. There are more than 10,000 co-operatives and mutuals across the UK, with combined income of £179.2 billion and over 65 million memberships.

Government has a commitment to doubling the size of the sector and the Department for Business and Trade’s embarked on a call for evidence on co-operatives and non-financial mutuals earlier this year.

Earlier in 2026, the Financial Services and Markets Bill was introduced to parliament. It includes credit union common bond reforms that are designed to make it easier for credit unions to expand and broaden their membership – allowing more people access to affordable credit and a safe place to save.

Minister for Small Business and Economic Transformation, Blair McDougall MP, said: "Co‑operatives and mutuals have a vital role to play in our Small Business Plan, rebuilding pride in place in the UK and supporting workers and communities.

"By appointing a co‑operatives and mutuals champion, we will shine a light on this model, breaking down barriers to businesses, and back our ambition to double the size of the sector."