Co-op has unveiled plans to “Back Britain” following the Autumn Budget, with a targeted £1bn into the UK economy over the next year, designed to back consumers, businesses and high streets.
The retailer said its plan would channel focus and investment into lowering prices for its members and customers, whilst backing British sourcing, community-focused retailing and skills development.
The move follows Co-op’s latest membership research showing that 58% of participants ranked the cost of living as one of their top three concerns, up from 51% in late 2024.
Additionally, 72% of those aged 18 to 34 placed cost of living in their top three worries, the business found.
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Co-op claimed that these concerns sat at the heart of its Backing Britain plan.
Group CEO Shirine Khoury-Haq said: “Today’s Budget provides the clarity and certainty that small shops and local communities have been waiting for.
“The government’s decision on business rates is a welcome and important step that will help protect jobs, strengthen local economies and support high streets across the country.
“Co-op is stepping up alongside this commitment, facilitating over £1 billion of spend into the UK economy over the next year.
“This includes our biggest ever number of price reductions to help with the cost of living, continued investment in British farmers and suppliers, and a focus on keeping high streets vibrant and safe.”
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