More cooperatives than other businesses survive, in the UK & Belgium! (source : uk.coop & BelgianCooperativeMonitor)
New cooperative businesses are almost twice as likely as start-up companies to survive their first five years according to The Co-operative Economy 2018, produced by trade body Co-operatives UK. It reveals that just 44% of companies survive the difficult early years while 80% of cooperatives are still going strong.
Co-operatives UK Secretary General, Ed Mayo, said: “We know cooperatives are resilient and sustainable businesses and these incredible stats reinforce that view. It begs the question ‘why are there not more cooperatives?
In Belgium the difference is not that big, but also here 80% of new co-operative businessessurvive their first five years while 68% of other start-up companies.
This and other facts & figures you can find in our the Belgian Cooperative Monitor, a product of a collaboration between Cera and Febecoop, with the Cera Chair Social & Cooperative Entrepreneurship at the university of Luik and the The Centre of Expertise for Cooperative Entrepreneurship at the KU Leuven in partnership with Cera & Boerenbond.
Dit nieuwsbericht is verschenen op dinsdag, 24 juli 2018.