National Assembly for Wales

To propose that the National Assembly for Wales:

1. Notes the £1 billion contribution of co-operatives to the Welsh economy and their role in creating employment for thousands of people. 

2. Notes that the benefits of co-operatives extend beyond the core economic measurement such as GVA and employment, supporting wellbeing and community resilience, and that there are 689,112 active members of co-operatives in Wales.

3. Further notes the impact locally, where co-operatives contribute to local economies, locking wealth into those communities rather than redistributing it outside of Wales.

4. Further notes the examples of innovative co-operatives across Europe such as Mondragon in the Basque region of Spain.

5. Welcomes Welsh Government interventions such as Social Business Wales, the Better Jobs Closer to Home pilots and support for the Wales Co-operative Centre.

6. Believes that the recommendations of the Co-operatives and Mutual Commission continue to provide a strong basis for future growth of the sector.

7. Calls on the Welsh Government to bring forward a bold action plan to support the growth of co-operatives, which would involve including co-operatives, social enterprises and employee-owned businesses in the Welsh Government's new economic strategy.

'Welsh Co-operatives and Mutuals Commission Report'