# Co-op Bank launches business support for community enterprises

- Link: https://fundraising.co.uk/2016/03/02/217540/
- Published: 2016-03-02T10:45:55+00:00
- Author: Melanie May

**The Co-operative Bank and Co-operatives UK Today have launched a business support
programme aimed at helping people start or grow co-operative or community enterprises.**

[The Hive](http://www.co-operativebank.co.uk/the-hive) offers online business advice
and guidance, one-to-one support, peer mentoring, and group training sessions, and
covers key issues including registration, membership development, and co-operative
finance.

Over the next three years, The Hive, with £1m funding from The Co-operative Bank,
will support the development of the 7000+ existing independent co-operatives in 
the UK, and support new start-ups.

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Niall Booker, chief executive at The Co-operative Bank said:

> “The Hive can guide business people through the process of starting a co-operatively
> run business, assist those wanting to convert to a co-operative, and help existing
> co-ops grow. Last year we underpinned our commitment to supporting co-operative
> values and ethics in the UK with the launch of our extended Ethical Policy. This
> partnership brings our commitment to life by providing funding over the next three
> years to launch and promote The Hive in order to provide resources and expertise
> to helping existing and new co-operatives grow and flourish.”

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