CoTech fund

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What is the CoTech fund?

The fund is a voluntary system where members of CoTech can contribute £1 per member, per week. The subscription is collected annually in advance.

Why have a mutual fund?

The fund can be used for any purpose that supports CoTech including, but not limited to:

  • Marketing and promotion
  • Events such as the twice-yearly gatherings
  • Paying for infrastructure costs (such as the community forum, Loomio subscription etc.)

Decision making

Those co-ops who have joined the fund decide collectively how the fund should be distributed. We try to achieve this by consent, but where necessary can use a "one co-op, one vote" rule.

Proposals for spending will be posted on Loomio, and only contributors will be able to vote on them.

Joining the fund

Email treasurer@coops.tech with the name of your co-op and the number of members who will be joining the fund.

History

At the CoTech Hack 2018 a working group on Governance and Membership developed a proposal for an internal fund.

The purpose of the fund was to pool our resources and strengthen the CoTech network. During the pilot year participation was voluntary, and participating co-operatives contributed £1 per member per week to the fund.

On 8th February 2019 CoTech approved a one-year pilot fund to test the idea.

Further reading

Report on discussion of the fund at Sheffield 2019 gathering