What does Volt think? / Economic Revolution


Cooperatives are resilient business models which give their members the ability to steer the direction and priority. It's generally run democratically, where each member has an equal vote. Current legislation is not fit for purpose and is very limiting in the scope of what a Cooperative can do, and how it does it. It is important that this business model is put on equal footing with other business models.

  • Fiscal incentives. Create fiscal incentives to encourage Cooperatives on a level playing field with other business models.

    • Tax Credits & Grants.

  • The Cooperative Societies Act

    • New Legal Framework. To update the 20-year-old legislation and make it fit for purpose, for the current economic realities

    • Ensure ‘One member One vote’ principle. 

    • Enable Societies - Cooperatives between diverse entity types.

    • Reduce the minimum number of members required to 3 from 5. To increase accessibility and align with international trends.

    • Ensure representation of Cooperatives in the Enterprise Consultative Council, the Small Business Advisory Committee and the College of Regulators.

    • Revise discriminatory legislation.

  • Enable Community Cooperatives. 

    • This would facilitate members of a community investing in a good collectively for the benefit of the community.

  • Enable Home & Housing Cooperatives.

    • This would enable individuals living, or aiming to live with a building to pool resources together effectively and allow greater flexibility on types of housing.

  • Ensure Cooperatives are part of the relevant educational curriculum.

  • Foster Social Enterprise Educational Courses at Tertiary level.

The 5+1 Challenges

Volt has defined 5+1 fundamental Challenges that need to be tackled in each European country and in Europe as a whole.

Why 5 + 1 Challenges?

The 5 Challenges are basically the same for every country, but their implementation can be adapted on the national level to take into account local realities.

The +1 Challenge – our proposal to reform and strengthen the EU – is identical across all our national programmes.

View the policy portfolio
  • 01

    Smart State

    Education and digitalisation are key elements of the 21st century

  • 02

    Economic Renaissance

    An innovative economy must be the engine of society's progress

  • 03

    Social Equality

    No-one should be left behind - no matter their gender, income, religion. or origin

  • 04

    Global Balance

    Europe needs to assume responsibility for its role in global challenges

  • 05

    Citizen Empowerment

    People must be empowered to influence politics beyond elections alone

  • +1

    EU Reform

    We love the EU - this doesn't mean there is no room for improvement