Housing co-operatives, like their building society big brothers, may also have an increased role to play in future provision of quality affordable housing to rent and enabling low income people to get on the home ownership ladder at less risk.
This program, whose objective is to stimulate the creation and expansion of co-operative enterprises, has supported the creation of more than 300 new community-based co-operatives since its inception in 2003.
The Commission's full remit is to: Consider the evidence for supporting the co-operative and mutual sector in Wales; Consider existing business advice for the mutual sector and provide suggestions on how this might be strengthened; Identify specific areas that might be targeted for additional support by the Welsh Government; Consider best practice and evaluations that may be available; Set out a vision for co-operative and mutual economy in Wales.
These three pilot schemes have the potential to provide around 89 co-operative homes and I am pleased to say further schemes which have the potential to deliver over 400 homes across Wales are in the pipeline.
Ed Mayo, Secretary General of Co-operatives UK, said: "There are thirty childcare co-operatives already up and running and the opportunity for far more, if a new government acted to encourage a mutual approach.