The Midcounties Co-operative named the best co-operative in the UK

The Midcounties Co-operative has been named Co-operative of the Year at the annual Co-operative Awards.

The awards celebrate excellence, innovation and ethics in business and the Society was honoured with the accolade due to both its financial performance and social responsibility.

The award was presented at the Co-operatives United festival in Manchester where co-operatives from all over the world gathered to mark the end of the United Nations International Year of Co-operatives.

Chief Executive Ben Reid said, "This is a great honour from the co-operative movement and we are extremely proud to be recognised by our peers with this prestigious award. To achieve it in the International Year of Co-operatives makes it very special indeed."

Ed Mayo, Secretary General of Co-operatives UK, said, "The Midcounties Co-operative has shown outstanding performance in all areas – they combine solid commercial performance, innovations like Co-operative Energy and an active programme to involve its members in the business. We’re delighted that The Midcounties Co-operative has won the 2012 Co-operative of the Year Award."

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