Mutuals and co-operatives are businesses run in the interests of their members, who may be employees, customers, suppliers, or tenants who use the services and products they provide.
Although each model is structured to deliver its governance differently, they each offer ‘members’ a stake and a say in the business.
The UK is currently home to more than 9,500 active mutuals. As defined by the MCSBC, the term ‘mutual and co-operative’ includes co-ops, building societies, credit unions, financial mutuals, other mutual organisations, and employee owned businesses.
By working together with trade bodies and businesses, we can have a louder voice and influence better ways of doing business across the UK to create the market conditions for growth.