Permanent mutual shares are the rocket fuel that would help the co-operative and mutual movement to double in size. The Co-op party seeks this ambition, which is now also supported by the Labour party. These shares offer a source of venture capital for housing associations, agricultural co-operatives, employee-owned businesses, and mutual insurers without requiring demutualisation or changing democratic governance. According to Mutuo, an independent think-tank, the Government could help raise £13 billion over five years using permanent mutual shares. Had these been available to Liverpool Victoria, they would have avoided demutualisation and sale to Bain Capital. John Lewis's challenges highlight the need for better capital-raising options. This change in law could galvanise up to £1.2 billion to drive investment across various sectors. Housing associations could raise over £10 billion for building social and affordable homes, potentially financing between 60,000 and 90,000 new homes. Building societies have already issued core capital deferred shares worth more than £1.3 billion without altering governance or control.