Published: 26th Feb 2019

Plymouth City Council has announced plans to a £1.2m fund to help local people set up co-operatives and mutuals. The Co-operative and Mutuals Development Fund will be aimed at residents who join forces to meet common economic, social and cultural needs and aspirations through jointly owned and democratically controlled enterprise. According to the council, there are 23 co-operative enterprises already based in Plymouth with a combined turnover of £18.6 million and membership of over 9,500 people. The city’s fish market is run as a co-operative and others include CaterEd, Plymouth Energy Community, Plymouth Credit Union and Nudge Community Builders Plymouth had its first co-operative back in 1859, which was set up by Charles Goodenew, a shoemaker in Bretonside. By 1918 a host of shops, dairies, and butcher shops all worked together as co-operatives, supplying local people with the goods they needed as well as ensuring money made stayed in the … (To read the full article, subscribe below)