Co-operative News

Co-operatives UK has announced a focus on #climatechange for this year’s Co-op Fortnight (24 June – 7 July), which follows the annual Congress (14-15 June). More details of both these key dates on the UK #coops calendar here

Nationwide Building Society's £2.9bn plan to buy Virgin has been welcomed by many in the mutuals sector, who are looking for growth – but a small group of its members are demanding a vote, and other commentators have questioned the worth of the deal

Co-operatives Wales announces online co-op events to discuss #coops legislation and the #GreenNewDeal, with input from Cwmpas, mick antoniw 🏴󠁧󠁢󠁷󠁬󠁳󠁿🇺🇦, Anthony Collins, Co-operatives UK, Cllr Lis Burnett, Ann Pettifor and others

The Co-op Group has signed a 15-year deal to source 100% of the clean energy produced from ScottishPower Renewables’ Coldham solar farm in Cambridgeshire, as it looks to 'increase energy security, boost economic development and ... achieve net zero in our own operations by 2035’

The US National Cooperative Bank has issued its impact report for 2023, highlighting £384m of support for co-ops and other mission-led organisations serving low to moderate income communities. Details of some of the projects here

Coventry Building Society has announced an agreement on the key commercial terms for a £780m takeover of The Co-operative Bank plc, which would return it to mutual ownership. The deal, reached with the owners of the bank after months of talks, is subject to agreement of the contract and regulatory approval, and would make the Coventry the UK’s seventh largest lender with assets of around £89bn.

US lawmakers have introduced a bill to strengthen the national worker #coops sector. The bill, aimed at empowering workers and helping the national economy through the coming succession crisis as middle aged business owners prepare to retire, would direct federal agencies to put support programmes in place for the sector, tackling barriers around capital, education and technical support. The bill was introduced by reps Ro Khanna (D-CA-17), Congressman Jamaal Bowman (D-NY-16), and Rashida Tlaib

'We welcome the clear role for co-op #housing as part of the supply response to this generation’s #housingcrisis' Housing #coops apex CHF Canada welcomes housing commitments in Chrystia Freeland's federal budget for #Canada

Liverpool-based #BSL platform co-op Signalise Co-op has received a £1,000 funding boost from the The Co-operative Bank plc, enabling it to host community outreach events and grow its membership.

Customer-owned energy co-op OK has secured a 50% share of Coop Danmark in a deal with the grocery chain’s owner Coop Amba, which has been looking for a partner to secure its finances.