Co-operatives have published their annual state of the sector report, The UK Co-operative Economy 2016- setting out the performance of co-operatives of all kinds, from the Co-op to farmer owned businesses, credit unions and community run shops.
The headlines are that:
- A record number of people are members of the UK’s co-operatives – 17.5 million, an increase of 2.3 million in the past five years.
- The sector’s 7,000 independent co-operative businesses are worth £34bn a year.
- Retail and agriculture are leading the charge, with credit unions playing an important role in boosting the membership figures.
- Co-operatives account for 223,000 jobs across the UK.
Read the full report at www.ukcoop.com/economy2016