The Democratic Alternative: Unlocking the Potential of Northern Ireland’s Co-operative Sector
Date published:
New research examines the scale, contribution and potential of Northern Ireland's co-operative sector, and sets out six areas for action to support its future growth and development.
This research, commissioned by the Department for the Economy and authored by Seán Byers of Trademark Belfast, provides an evidence base on the scale, economic contribution, challenges and future opportunities of the co-operative sector in the North
The report estimates that the sector generates more than £1.7 billion in income and supports around 800,000 memberships. It identifies six recommended areas for action covering legislation, strategic policy development, support infrastructure, access to finance, education and awareness, and worker and community ownership.
In response to the research, the Department will commence preparatory work on a 10-year social economy strategy, with co-operative development forming an important strand. It will also take forward work on co-operative legislation, specialist support, access to finance, awareness of the co-operative model, and employee, worker and community ownership.
The Department will continue to engage with co-operatives, social enterprises, representative bodies, finance providers, councils and the wider business support network as this work progresses.