what is a co-operative?

 

There is no precise definition in UK law.

Very simply, a co-operative is an organization owned and run for its members mutual benefit.

There are many different types of co-operative, and legal structures which can be drawn up to help satisfy the aims and objectives of founder members.

There are a number of general elements that make co-operatives special. These "seven principles" were drawn up by the International Co-operative Alliance- a global federation of co-operative enterprises.

New co-operative structures are always evolving to suit a changing economy.

what makes a co-operative special?

• Open membership without discrimination, subject to certain conditions
• Democratic control by members
• Often Social, ethical or environmental as well as economic objectives