Coopfond

Coopfond is the mutual fund of Legacoop, one of Italy's main cooperative associations. Established in 1993, it promotes and strengthens the cooperative presence in the Italian economy. Coopfond supports the development of new cooperatives and the growth of existing ones through various financial instruments, including equity investments, loans, and grants. The fund's resources come primarily from 3% of annual profits contributed by Legacoop member cooperatives, as required by Italian law. The organization focuses on several key areas, including startup support, business development, mergers and acquisitions, and innovation. Coopfond pays special attention to projects in Southern Italy and areas with a less established cooperative presence. While specific financial details are not readily available, Coopfond manages substantial resources. It provides tailored financing solutions based on project needs and potential impact. Eligibility criteria include being a Legacoop member or willing to join, having a sound business plan, and demonstrating financial sustainability. Recent initiatives include supporting worker buyouts to preserve jobs, financing social cooperatives in healthcare and social services, and promoting technological innovation in various cooperative sectors. Coopfond also offers technical assistance and business advisory services to enhance the success of funded projects.