FINANCE

The power of co-operation

The cities of Cleveland in Ohio and Preston in north-west England may be 3,600 miles apart but their plans for local economic renewal both stem from the co-operative movement, writes Emma Hoddinott.

The UK's regions have a proud history. They powered the industrial revolution, were the birthplace of technologies which changed the world, and traded goods and influence with all corners of the globe.

Political innovation followed. The co-operative movement emerged in the North West of England, founded by the belief that ordinary people can come together around a common purpose and improve their lives and their communities. But today the UK's regions are often overshadowed by London and the South East.

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