Timely award justifies Co-operative business model

The Midcounties Co-operative has been recognised for its community commitment with a new award.

The body picked up the Sunday Times Giving Something Back award for its commitment to colleagues, communities and members at the Sunday Times Best Companies event.

The society said that the award was timely and justified its business model just at a time when it was under close scrutiny.

It said engaging with and investing in, its 10,000 colleagues was key to delivering results for its members and communities.

The society has also increased its position in the Sunday Times ‘25 Best Big Companies to Work For’ list, climbing three places to 10th.

Ben Reid, Chief Executive of The Midcounties Co-operative, said: “At a time when the relevance of the co-operative model is being scrutinised, winning this award proves that co-operatives can more than hold their own against large corporate organisations. As an independent society with a turnover of over £1bn this accolade shows that co-operation is clearly working for Midcounties, proving its success and securing a sustainable future for the business.

“To move up three places in the list and to be given special recognition for the community work we undertake reflects our position as a leading modern co-operative. Our 10,000 colleagues are committed to the communities they work in. We invest and support the learning and wellbeing of our colleagues, as part of our co-operative values, creating an engaged team ensuring we not only offer the greatest service to our customers but also encouraging our colleagues to want a long-term career with the society.”