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Co-operatives UK is a British co-operative federation described as "the central membership organisation for co-operative enterprise throughout the UK". [3] It was founded in 1870 as the Co-operative Central Board, changing its name to the Co-operative Union [4] before finally becoming Co-operatives UK following its merger with the Industrial Common Ownership Movement (ICOM) in 2001. [5]
The British co-operative movement is most commonly associated with The Co-operative brand (best known for its supermarket and Funeralcare brands) which has been adopted by several large consumers' co-operative societies; however, there are many thousands of registered co-operative businesses operating in the UK. [3]
Co-operatives UK also took responsibility for organising the Co-operative Congress, [13] and the annual meetings were the centre of the national Movement: most major changes in the movement came out of the Co-operative Congresses, such as the abandoning of political neutrality and the formation of the Co-operative Party (1917 Congress), the ...
In 2016, Community became the first trade union to affiliate to the Co-operative Party, [25] followed in 2018 by the Union of Shop, Distributive and Allied Workers (Usdaw). [26] Co-operatives UK, Co-operative Press and a number of worker co-operatives and housing co-operatives are also organisational members of the party. [19]
Credit unions in the UK now offer a wide range of services to their members; including current accounts, payroll deductions, standing orders and insurance. Co-operative or mutual organisations engaging in cooperative banking, such as building societies, have existed in the UK since the 18th century.
The co-operative movement began with a small shop run by the Rochdale Equitable Pioneers' Society [PA Media] ... You can also send story ideas to northwest.newsonline@bbc.co.uk and via Whatsapp to ...
A second common form of co-operative federation is a co-operative union, whose objective (according to Gide) is “to develop the spirit of solidarity among societies and... in a word, to exercise the functions of a government whose authority, it is needless to say, is purely moral.” [2] Co-operatives UK and the International Co-operative Alliance are examples of such arrangements.
Plaid Cymru also run a credit union that is constituted as a co-operative, called the 'Plaid Cymru Credit Union'. [63] UK cooperatives retain a strong market share in food retail, insurance, banking, funeral services, and the travel industry in many parts of the country, although this is still significantly lower than other business models. [64]