Today (5 February 2020) a Private Members’ Bill has been introduced to Parliament, which could help co-operative and community benefit societies to be a more powerful tool for people and planet.
The Bill has been introduced by Anna McMorrin MP.
Secretary General Ed Mayo said; “We are fully supportive of this Bill, which could help more co-ops raise capital that is committed to social purpose, while adding protections against demutualisation. We’re delighted to see Anna McMorrin MP taking this forward and will be helping our members to have their say as the Bill progresses.”
To have a chance of being law, government and MPs will need to be convinced that the Bill has the support of the sector and that it will have a strong positive impact for co-ops, people and planet.