Co-operative Council
What is a co-operative?
A co-operative is an organisation owned and run by its members to achieve a shared goal. Members work together, share decision-making and have a say in how the organisation operates.
Co-operatives can take many forms, including businesses, community organisations and social enterprises. They may be owned by employees, customers, local residents or a combination of members with a common interest.
By working together, co-operatives help create stronger communities, support local people and deliver benefits that are shared by their members.
The principles of co-operation
All co-operatives are guided by seven internationally recognised principles:
- Voluntary and open membership - open to everyone who is willing to participate.
- Democratic member control - members have an equal say in decisions.
- Member economic participation - members contribute to and benefit from the organisation's success.
- Autonomy and independence - co-operatives remain member-led and self-governing.
- Education, training and information - supporting members to develop skills and knowledge.
- Co-operation among co-operatives - working together to achieve shared benefits.
- Concern for community - helping communities grow and thrive sustainably.
Co-operatives in practice
Co-operatives operate across many sectors, from housing, healthcare and renewable energy to community shops, leisure facilities and local services.
Any profits generated are typically reinvested into the organisation, shared among members, or used to support community projects and local priorities.