A Co-operative (COOP) is a type of housing arrangement formed under the Co-operative and Community Benefit Societies Act 2014 in the United Kingdom. It is a form of housing association set up by local people and community organisations, registered with the Financial Conduct Authority, to provide affordable housing to people in their local area. The purpose of a Co-operative is to provide housing and related services that are managed and owned by members of the group, and to promote and foster the interests of the community. The scope of Co-operatives extends beyond simply providing housing, they are also active in providing education, health and social care, leisure and other community services. Co-operatives are committed to helping create and support vibrant, healthy and sustainable communities, and provide a range of services, benefits and activities to their members and the wider community. They are driven by the principle of collective ownership, with members having an equal say in the decision-making process.