Published: 9th Dec 2011

This week Co-operatives UK launched a new community buying challenge, in partnership with the Department for Business, Innovation and Skills (BIS). The £60,000 Buy Better Together Challenge is an initiative to help inspire new models of community buying, stimulate enterprise and promote shared learning. Both Co-operatives UK and BIS have contributed £30,000 to the prize fund. Community buying, which involves groups of individuals combining their buying power to purchase goods or services together and get better deals from shops and other suppliers, can help lower costs for consumers. The competition is open to groups and organisations within the public, voluntary or business sectors. The £60,000 pot will go towards training, mentoring and seed funding for stand out projects, including £15,000 for the overall winner. Co-operative buying, whether informal with friends, student food co-operatives or of crowd-sourcing online, is a growing trend among consumers who are increasingly recognising it as a … (To read the full article, subscribe below)