Demand for professional linguists translates into UK’s first interpreters co-operative
Developing a co-operative solution to the growing demand for professional linguists has translated into the launch of the UK’s first interpreters’ co-operative
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Driven by quality, efficiency and fair fees for both clients and linguists, RICOL Interpreters’ Co-operative of London – whose founding members having extensive experience within both the public and commercial sector – has set up with support from The Co-operative Enterprise Hub.
The newly formed co-operative is the latest to join a growing sector which has seen the number of UK co-operative enterprises rise by almost 25 per cent since 2009 to over 6,100.
Latest figures show that UK co-operative sector turnover has risen to almost £37 Billion with the number number of co-operative memberships in the country growing to 15.4 million.
Anca Ionescu, Project Manager at RICOL, said: “Co-operative principles lie at the heart of what we do. Good communications saves time and money and fosters effective working relationships and we have been overwhelmed by the interest and support shown by prospective clients and by qualified interpreters and translators wanting to work with us.”
The Co-operative Group, which is the UK’s largest member-owned organisation with over 7 million members and has interests in Food; Financial Services; Funeralcare; Pharmacy; Legal Services and online electrical, has committed a further £1m in 2013 to developing its Enterprise Hub Service to support the creation and growth of sustainable co-operative enterprises UK-wide.
The Co-operative Enterprise Hub is a free service which has helped more than 1,000 member-owned enterprises to get off the ground or grow since 2008.
For further information about joining RICOL or, to find out more about its services, visit www.ricol.coop
Community groups interested in co-operative solutions to the running of businesses and services can contact The Co-operative Enterprise Hub by visiting www.co-operative.coop/enterprisehub