Enterprise Hub's community impact acknowledged
The Co-operative Enterprise Hub has scooped a prestigious national award in recognition of its positive impact in communities.
Judges at the Business Charity Awards praised The Co-operative Enterprise Hub’s “focused community impact” as it works to underpin community-led regeneration and equip people with the skills and confidence to safeguard much loved local assets.
Since 2008 The Hub’s free training and advice has supported the creation and growth of more than 1,000 member-owned enterprises, operating in all sectors from retail to renewables and, schools; community energy; pubs; sports clubs and rural services.
Michael Fairclough, The Co-operative’s Head of Community and Co-operative Investment, said: “We are delighted to have received such external recognition.
“We believe that there is a greater role for co-operatives to play in the building of a more balanced and stable UK economy.
“Communities can be a powerful catalyst for change, capable of overcoming many of the challenges facing the environment, society and economy and The Co-operative Enterprise Hub is working to provide people with the tools needed to make those changes.”
In addition to business planning, financial and legal help and support with co-operative registration and membership, The Co-operative Enterprise Hub has expanded its offering to include access to a Community Loan Fund and a new facility to underwrite community share offers.
Community groups interested in co-operative solutions to the running of businesses and services can contact The Co-operative Enterprise Hub by visiting www.co-operative.coop/enterprisehub
The Co-operative Group is the UK’s largest mutual business, owned not by private shareholders but by over seven million consumers. It is the UK’s fifth biggest food retailer and a major financial services provider, operating The Co-operative Bank and The Co-operative Insurance. Among its other businesses are the number one funeral services provider, the third largest pharmacy chain and one of Britain’s largest farming operations. As well as having clear financial and operational objectives, the Group has also set out its social and sustainability goals in its groundbreaking Ethical Plan, which specifies over 50 commitments in these areas. The Group operates 4,800 retail trading outlets, employs more than 100,000 people and has an annual turnover of more than £13bn. Further information is available at www.co-operative.coop
The Co-operative Press Office
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