The government’s refusal to support proposals to increase the spending power of cooperatives was a “missed opportunity” for the green recovery, according to the MP who promoted it.

Labour MP for Cardiff North, Anna McMorrin, had the second reading of her private members bill, the Green Share Bill, on Friday.

The bill aimed to allow cooperatives and member-owned businesses to raise finance for projects such as the retrofitting of housing association homes, the construction of zero-carbon new build housing stock, the expansion of renewable energy cooperatives, or community ownership of water utilities.

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