Co-operatives Fortnight is underway. This is the annual sector campaign to promote awareness of co-operative enterprise. It closes on July 4th, which is the United Nations International Co-operatives Day.
Today, I am up early as we are releasing The Co-operative Economy 2015, our annual sector data.
Overall, there are now 6,796 individual co-operatives across the UK covering every industry, from retail giants and agricultural heavyweights through to community owned pubs, football clubs and credit unions.
The fastest growth areas are agriculture, energy and social care, where co-operative innovations offer a powerful economic advantage.
The sector as whole turned over £37 billion last year, a growth of 15 percent since 2010. The figure is a 2.8 percent decline on last year’s £38 billion, a dip accounted for by the shifts in trading and business lines at The Co-operative Group, after its rescue phase last year. The data is drawn from published accounts, so exactly covers that period.
The underlying sector performance is a strong one, with, as ever, some heartwarming stories of new co-operatives emerging at the grass-roots level.
We are publishing the report and summary on a refreshed Co-ops UK website and releasing the figures together with a beta explorer tool on an ‘open data’ basis, which allows anyone to look through the numbers and draw their own analysis from it. You are welcome to have a go, and we welcome your feedback.