UK0,M<$b@mevgɦmJ8s =-bU#b5')byiDz)%2.&_NKpGtJ|QGdr:>Fj0rA ؞F&!| 4`,mz3[
Student videos

Co-operative businesses

  • Levels: AS, A Level, IB, BTEC Level 3
  • Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC

In this short topic video we look at the growing number of businesses and organisations that operate as member-owned and run co-operatives.

Co-operative businesses

OVERVIEW

Co-ops are owned and run by their members, who can be customers, employees or groups of businesses.

Co-operative businesses are run on principles of shared ownership, shared voice & shared profits.

Examples of co-operatives:

  • The supermarkets-to-funerals Co-op Group is the biggest, followed by the John Lewis Partnership (including Waitrose)
  • Farmers’ co-ops are also popular in the UK – a good example is ARLA foods
  • Other co-ops include community pubs, supporter-run football clubs and many foster care and local childcare providers.
  • Credit unions are becoming more popular in the UK

Credit unions

  • Credit unions are a loans and savings co-operative
  • In the UK, credit unions are regulated by the Financial Services Authority
  • Members normally have a 'common bond' to make them eligible for membership such as place of location, membership of a church
  • There are over 110 million members of credit unions in the USA

Subscribe to email updates from tutor2u Economics

Join 1000s of fellow Economics teachers and students all getting the tutor2u Economics team's latest resources and support delivered fresh in their inbox every morning.

You can also follow @tutor2uEconomics on Twitter, subscribe to our YouTube channel, or join our popular Facebook Groups.

Teaching Vacancies

Recruitment

Advertise your vacancies with tutor2u

Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.

Find our more ›

Advertise your teaching jobs with tutor2u