Mutual Societies
The question
To ask the Secretary of State for Business and Trade, what recent progress he has made on doubling the size of the mutuals sector.
Answered by Blair McDougall
As part of the Autumn Budget announcements, the Department for Business and Trade (DBT) launched a Call for Evidence on Business Support for Co-operatives and Mutuals. This will be open across Great Britain for 12 weeks.
DBT ensured that for Financial Year 25/26 Growth Hubs in England offer support to businesses with alternative business models – including Co-operatives and Mutuals, as a condition of funding, and included more information on Co-operatives and Mutuals through the highly successful Help to Grow Management programme.
DBT is looking at how to integrate support for Co-operatives and Non-Financial Mutuals within the government’s overall approach for supporting SMEs, including via the Business Growth Service.
DBT continues to work closely with the sector, including the new Mutual and Co-operative Business Sector Council.
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