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731479

registered interest
date	21/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Cooperatives
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions he has had with his European counterparts on measures aimed at supporting the growth of the co-operative sector.
tabling member constituency	Plymouth, Sutton and Devonport
tabling member printed	Luke Pollard
uin	117
answer	answer is ministerial correction date of answer 30/06/2017 answer text <p>The Government is strongly supportive of both the co-operative and social enterprise sectors. The Government supports social enterprises in various ways, including championing procurement for social value. At Spring Budget 2017, the Government also announced that the thresholds at which co-operatives will have to conduct a full audit will increase in line with those for companies. This will allow co-operatives to use more of their resources to benefit their members. The Government will continue to explore further ways to support the sector.</p><p> </p><p>Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a>.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 116 1202 question first answered 30/06/2017 11:24:32 answering member 4095 label Biography information for Steve Barclay
tabling member	4682 label Biography information for Luke Pollard

637239

registered interest
date	15/11/2016
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Cooperatives
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what support his Department makes available for the establishment of new cooperatives in the UK.
tabling member constituency	Oldham West and Royton
tabling member printed	Jim McMahon
uin	53104
answer	answer is ministerial correction date of answer 21/11/2016 answer text <p>The Department supports the establishment of all businesses including cooperatives. Support for people wanting to start or grow their business is available from our Business Support Helpline, while 39 growth hubs in England bring together local business support so that local people can access it easily. British Business Bank programmes are improving access to finance, including Start-Up Loans which provide start up finance and business advice.</p><p> </p> answering member constituency Stourbridge answering member printed Margot James question first answered 21/11/2016 10:54:37 answering member 4115 label Biography information for Margot James
tabling member	4569 label Biography information for Jim McMahon

228265

registered interest
date	18/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cooperatives
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, for what reasons the Financial Conduct Authority does not use the definition agreed by the International Labour Organisation of a co-operative society.
tabling member constituency	Birmingham, Hall Green
tabling member printed	Mr Roger Godsiff
uin	228196
answer	answer is ministerial correction date of answer 23/03/2015 answer text <p>This is a matter for the Financial Conduct Authority (FCA) who are operationally independent from Government.</p><p> </p><p> </p><p> </p><p>This question has been passed on to the FCA. The FCA will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 23/03/2015 16:57:37 answering member 4117 label Biography information for Andrea Leadsom
tabling member	304 label Biography information for Mr Roger Godsiff

169350

registered interest
date	10/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cooperatives
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what assessment they have made of the quality of and ease of access to official data on co-operatives.
tabling member printed	Lord Kennedy of Southwark
uin	HL3636
answer	answer is ministerial correction date of answer 19/12/2014 answer text <p>The Government does not hold official statistics on co-operatives. Relevant data is held by the Financial Conduct Authority, some of which they publish online.</p><p> </p><p> </p><p> </p><p>The legislative function for co-operative and community benefit societies resides with HM Treasury; there are currently no plans to change this.</p><p> </p><p> </p><p> </p><p>The Financial Conduct Authority is the registrar for co-operatives and community benefit societies. It has no regulatory functions over societies which are not also authorised to carry out financial services activities.</p><p> </p><p> </p><p> </p><p>The Government is content that the legislative framework in place supports innovation in co-operative capital. The government has implemented a package of measures this year to strengthen the co-operative sector. This includes increasing the amount of withdrawable share capital an individual can invest in a society from £20,000 to £100,000, making it easier and cheaper for co-operative societies to raise capital.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton grouped question UIN HL3635 HL3637 question first answered 19/12/2014 12:52:34 answering member 4262 label Biography information for Lord Deighton
tabling member	4153 label Biography information for Lord Kennedy of Southwark

169351

registered interest
date	10/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cooperatives
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what assessment they have made of the effectiveness of the legal and regulatory frameworks in supporting innovation in co-operative capital.
tabling member printed	Lord Kennedy of Southwark
uin	HL3637
answer	answer is ministerial correction date of answer 19/12/2014 answer text <p>The Government does not hold official statistics on co-operatives. Relevant data is held by the Financial Conduct Authority, some of which they publish online.</p><p> </p><p> </p><p> </p><p>The legislative function for co-operative and community benefit societies resides with HM Treasury; there are currently no plans to change this.</p><p> </p><p> </p><p> </p><p>The Financial Conduct Authority is the registrar for co-operatives and community benefit societies. It has no regulatory functions over societies which are not also authorised to carry out financial services activities.</p><p> </p><p> </p><p> </p><p>The Government is content that the legislative framework in place supports innovation in co-operative capital. The government has implemented a package of measures this year to strengthen the co-operative sector. This includes increasing the amount of withdrawable share capital an individual can invest in a society from £20,000 to £100,000, making it easier and cheaper for co-operative societies to raise capital.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton grouped question UIN HL3635 HL3636 question first answered 19/12/2014 12:52:34 answering member 4262 label Biography information for Lord Deighton
tabling member	4153 label Biography information for Lord Kennedy of Southwark

147378

registered interest
date	10/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cooperatives
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, further to Written Answer by Lord Deighton on 15 September (HL1801), whether they are content with the regulatory protection afforded to members and creditors of cooperative societies; and whether they intend to review regulatory oversight of cooperative societies.
tabling member printed	Lord Myners
uin	HL2782
answer	answer is ministerial correction date of answer 24/11/2014 answer text <p>The Financial Conduct Authority (FCA) is the registrar for cooperatives and community benefit societies. It has no regulatory functions over societies which are not authorised to carry out financial services activities.</p><p> </p><p> </p><p> </p><p>On 6 April 2014, the government implemented a package of measures which introduced insolvency procedures for cooperative societies and gave the FCA additional powers to investigate societies suspected of improper or unlawful behaviour. These measures provide increased protection of members and creditors of cooperative societies.</p><p> </p><p> </p><p> </p><p>The government will keep the oversight of cooperatives and community benefit societies under review, but has no plans to undertake further reform of this area at the current time.</p><p> </p> answering member printed Lord Deighton question first answered 24/11/2014 14:00:34 answering member 4262 label Biography information for Lord Deighton
tabling member	3869 label Biography information for Lord Myners

89958

registered interest
date	01/09/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Cooperatives
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they consider that the Financial Conduct Authority’s responsibilities for the oversight of cooperative societies are sufficient to protect the interests of members and creditors.
tabling member printed	Lord Myners
uin	HL1800
answer	answer is ministerial correction date of answer 22/09/2014 answer text <p>The Financial Conduct Authority acts as the registrar for cooperative societies; it has no regulatory function in respect of cooperative societies where they are not authorised firms. The Government considers that this role is appropriate. The FCA was given additional powers in relation to this role in April 2014.</p> answering member printed Lord Deighton grouped question UIN HL1801 question first answered 22/09/2014 13:10:10 answering member 4262 label Biography information for Lord Deighton
tabling member	3869 label Biography information for Lord Myners

89959

registered interest
date	01/09/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Cooperatives
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government when they last reviewed the responsibilities and authorities of the Financial Conduct Authority to regulate cooperative societies.
tabling member printed	Lord Myners
uin	HL1801
answer	answer is ministerial correction date of answer 22/09/2014 answer text <p>The Financial Conduct Authority acts as the registrar for cooperative societies; it has no regulatory function in respect of cooperative societies where they are not authorised firms. The Government considers that this role is appropriate. The FCA was given additional powers in relation to this role in April 2014.</p> answering member printed Lord Deighton grouped question UIN HL1800 question first answered 22/09/2014 13:10:08 answering member 4262 label Biography information for Lord Deighton
tabling member	3869 label Biography information for Lord Myners