Reform UK Chairman Zia Yusuf has announced that Nigel Farage has officially handed over ownership of the party to its members, fulfilling a long-standing promise. The move marks a significant milestone in the party’s evolution, as it transitions to a non-profit structure.

In a statement issued on 20th February 2025, Yusuf confirmed that the party is now a non-profit organization, operating without shareholders and limited by guarantee. This new structure is intended to professionalise Reform UK as it prepares for the next phase of its political journey.

“We are assembling the governing Board, in line with the constitution,” Yusuf said, emphasizing the importance of the changes in ensuring greater transparency and accountability.

Farage’s departure from ownership represents a pivotal shift in Reform UK’s history. Known for his leadership in the Brexit movement and his role in founding the party, Farage’s decision to hand over control underscores Reform UK’s commitment to becoming a party led by its members.

Looking ahead, Yusuf promised further developments: “We will soon have more exciting announcements about Reform UK as we prepare for government.”

Reform UK has positioned itself as a growing force in British politics, particularly appealing to voters disillusioned with the traditional two-party system. The party’s next moves will be closely watched as it builds momentum in the run-up to the next general election.