Unicorn is a wholefood grocery and worker co-operative in Manchester with a strong focus on organic, regional and fairly traded produce. The co-operative buys preferentially from other co-operatives where it can and has a lot of co-operative suppliers, from the big wholesalers like Suma and Essential to small enterprises like the Handmade Bakery, Moss Brook Growers and […]
It is often believed co-operatives give much more support to the communities they operate in when compared to their corporate rivals, but where is the evidence for this? When examined does the sector truly have stronger links with the people they serve? And where those links exist, is the co-operative difference being witnessed in neighbourhoods? […]
The community impact index is not a definitive statement on which organisations carry out more, or less, community activity than others. What it shows is the total reported community investment activity of these organisations, ranked according to percentage of pre-tax profits. There are limitations to this reported data, both in terms of what is reported and […]
FC United is a community-owned football club in Manchester, set up by fans in 2005. The organisation’s manifesto states that the club will seek to be of benefit to its local communities, with an aspiration that a fan-owned football club would have more of a positive community impact than a privately-owned club. FC United’s community […]
With a total reported investment of £309,000, Scotmid Co-operative came top of the charity and community index. This represents a total charity and community figure of 16.1% of pre-tax profits. The society’s partnership scheme, launched in 2001, has managed to raise more than £1m since its initiation, having sponsored many charities, including the Princes Trust, the […]
Volunteering is a particularly problematic part of the index, both in terms of the lack of reported activity and the differing methods used to report. As can be seen from the next table, the majority of organisations either do not report volunteer hours at all or report only a financial value equivalent. Some report only […]
The Co-operative Bank is now owned by 70% of its bondholders, with the Co-operative Group holding the remaining 30%.
For the fourth consecutive year, Midcounties Co-operative is to be named one of the best organisations to work for.
David Anderson, former Chief Executive of the Co-operative Bank, instigated the merger with Britannia Building Society and he tells the Treasury select committee why the merger happened, what the risks were and what went wrong . . .
Midcounties Co-operative, the largest independent co-operative society in the UK, is now generating over a billion pounds of gross sales annually.