Cooperative and Community Benefit Societies Act 2014

The Cooperative and Community Benefit Societies Act 2014 is UK legislation that provides a legal framework for cooperatives and community benefit societies. These organizations are formed to serve their members or the broader community, promoting economic and social well-being. The Act outlines how these societies can be created, managed, and regulated, emphasizing democratic governance and mutual benefit. It allows for greater transparency and accountability, enabling societies to raise funds and operate with specific social objectives. Essentially, it supports community-driven initiatives and cooperative enterprises within a clear legal structure.