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Co-operatives (Permanent Shares) Bill

A Bill to enable co-operatives to issue permanent shares; and for connected purposes.

Originating House

House of Commons

Sponsor

Gareth ThomasLabour (Co-op)

Parliament last updated

31 October 2023

In Plain English

AI-generated

May contain errors — check source documents for definitive information.

The Bill would allow co-operatives to issue permanent shares, providing a way to raise long‑term capital without the shares needing to be redeemed at a fixed date. It sets out the legal framework for how permanent shares would work within co-operatives and for related purposes needed to support them.

Key Points

  • Allows co-operatives to issue permanent shares as a form of long‑term capital.
  • Establishes the legal framework and rules governing how permanent shares would operate within co‑operatives.
  • Covers connected provisions required to implement and support the use of permanent shares.

Who is affected?

Co-operatives (including worker and consumer co-operatives)Members of co-operativesEmployees and volunteers within co-operativesPotential and current investors or lenders to co-operatives

Generated 21 February 2026

Bill Stages

1st readingCommons

29 Mar 2023

2nd readingCommons
Committee stageCommons
Report stageCommons
3rd readingCommons
1st readingLords
2nd readingLords
Committee stageLords
Report stageLords
3rd readingLords
Royal Assent

Updates & Documents

News (1)

Co-operatives (Permanent Shares) Bill

30 Mar 2023

The 2022-2023 session of Parliament has prorogued and this Bill will make no further progress.

Parliamentary Votes (0)

No recorded votes for this bill yet.