Radical Routes

Last updated
Radical Routes
FormationIncorporated 1 April 1992 (1992-04-01) [1]
Type Secondary co-operative
Registration no.27587R
Legal status Registered Society
Purpose Social change
Region
United Kingdom
ServicesCo-operative development, finance, training, gatherings
Membership
36 housing co-ops and worker co-ops [2]
Main organ
Quarterly Gathering of Members
Website radicalroutes.org.uk
Radical Routes member Nutclough Housing Co-operative in Hebden Bridge, West Yorkshire. Nutclough Housing Co-op (Zion), Keighley Road - geograph.org.uk - 1142445.jpg
Radical Routes member Nutclough Housing Co-operative in Hebden Bridge, West Yorkshire.

Radical Routes is a UK-based network of housing co-ops. [3] The organisation supports new and established co-ops through loan finance, training workshops, practical support, and national gatherings. [4] [5]

Contents

History

Radical Routes emerged in 1986 from a network of people in London and Hull who wanted to develop workers' co-operatives. [6] The network agreed its common aims and adopted the name Radical Routes in 1988, and became incorporated as Radical Routes Limited in 1992. [7] In 1998 Rootstock Limited was incorporated as an investment scheme supporting Radical Routes co-operatives. [8] The original house in Hockley was set up as the 'New Education Housing Co-op'. [9]

According to Rootstock, between 1991 and 2012 Radical Routes made over sixty loans to member co-ops – totaling over £1m – with no co-operatives defaulting on loan payments. [10] These loans have typically been used by member housing co-ops, in addition to finance from traditional lenders, to buy property. [11]

Work

Radical Routes provides small loans (up to about £50,000) to member co-operatives. Decisions on making loans are made collectively by other member co-operatives, this has been described as "peer-group loan appraisal". [12]

Radical Routes publishes booklets on subjects such as How to set up a Housing Co-operative and How to set up a Worker Co-operative. [13]

With Cooperatives UK they launched proposals for an independent co-operative regulator after the government announced that it would be abolishing the FSA. Previously the FSA had regulated co-operatives, which were registered as industrial and provident societies.

Radical Routes is developing a ‘co-op cluster’ model for co-op housing with groups of housing co-ops combining their assets to buy new properties outright, eliminating mortgage interest. [14]

Membership

Member co-operatives are expected to commit to a share of Radical Routes' workload as volunteers, and work toward radical social change. [15] [16]

At January 2024 the organisation has 30 members: 26 housing co-ops and 4 worker co-ops. [17]

Limitations

A 2014 round table report by Radical Routes and Friends Provident Foundation identified carpet bagging, among other things, as a systemic weakness within the existing housing co-op framework. [18] 'Carpet bagging' refers to established co-ops significantly reducing their rents or, rarely, selling their property for private gain. The report explores ways in which the systematic weaknesses might be addressed, mentioning the Mietshäuser Syndikat model as having provably solved the carpet bagging issue. [18]

See also

Related Research Articles

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A cooperative is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise". Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include:

<span class="mw-page-title-main">Housing cooperative</span> Type of housing development that emphasizes self-governance and quasi-communal living

A housing cooperative, or housing co-op, is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization. They are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family home ownership, condominiums and renting.

<span class="mw-page-title-main">The Co-operative Group</span> British group of retail businesses

The Co-operative Group Limited, trading as Co-op and formerly known as the Co-operative Wholesale Society, is a British consumer co-operative with a group of retail businesses including grocery retail and wholesale, legal services, funerals and insurance retailing.

A worker cooperative is a cooperative owned and self-managed by its workers. This control may mean a firm where every worker-owner participates in decision-making in a democratic fashion, or it may refer to one in which management is elected by every worker-owner who each have one vote.

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<span class="mw-page-title-main">Industrial and provident society</span>

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References

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  3. "Housing co-ops: one way to find an affordable home". The Guardian. 29 July 2011. Archived from the original on 3 August 2020. Retrieved 4 November 2020.
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  6. Gosling, Paul (18 July 1993). "Fund sells a stake in radical ventures: Paul Gosling reports on schemes to provide low-interest loans for alternative businesses at home and abroad". The Independent. Archived from the original on 21 September 2019. Retrieved 21 September 2019.
  7. "Radical Routes Social Accounts 2013" (PDF). Social Audit Network. 2013. p. 3. Archived (PDF) from the original on 28 October 2019. Retrieved 28 October 2019.
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  10. "Radical Routes Loans". www.rootstock.org.uk. Archived from the original on 28 October 2019. Retrieved 28 October 2019.
  11. "Housing coops: a landlord you can trust". The Bristol Cable. 27 August 2019. Archived from the original on 13 January 2020. Retrieved 13 January 2020.
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  13. "Radical Routes – Publications & Resources". radicalroutes.org.uk. Archived from the original on 13 January 2020. Retrieved 13 January 2020.
  14. Kidd, Marie-Claire (16 June 2015). "Radical Routes Plans to Free Housing Co-ops from Mortgage Trap". The News Coop. Archived from the original on 2 November 2019. Retrieved 13 January 2020.
  15. Nicholson, Patrick (November 2007). "Radical Routes". peacenews.info. Peace News. Archived from the original on 15 October 2015. Retrieved 24 April 2015.
  16. Rai, Milan; Johns, Emily (December 2014). "Radical Routes and radical social change". peacenews.info. Peace News. Archived from the original on 26 September 2019. Retrieved 26 September 2019.
  17. "Radical Routes members and associates" . Retrieved 7 January 2024.
  18. 1 2 Co-op Clusters – Round table report (PDF), 2014, archived from the original (PDF) on 2022-06-19, retrieved 9 October 2022