CIC Association

Serving Community Enterprise

CICs seeking investment


CICs seeking investment

If you would like the Association to get involved with helping you raise funds, please register your interest here and we will contact you to discuss your individual requirements.


CIC Association recommends for start ups/small projects :

Awards for All(Not for profit-3 Directors required, up to £10k)


Unltd (For funding individuals with great ideas,up to 15k for salary,project costs)

Members: 142
Latest Activity: May 7

CIC Association recommends:

Awards for All clarification: No distinction will be made regarding the type of CIC you are.

'Each programme will have its own eligibility criteria. In respect of CICs, as long as this type of organisation fits with the types of organisations that the specific programme will fund, no distinction will be made regarding the type of CIC that they are.


However, any grant funds awarded would need to be ring fenced and appear on the accounts as restricted funds. Therefore they could not be used or be considered as being potentially used as a contribution towards any profit distribution or to supplement free reserves.'

Discussion Forum

What is Social Investment Tax relief? 2 Replies

SITR is a tax relief for individuals who invest in social enterprises. For this purpose social enterprises are community interest companies, community benefit societies or charities. It applies for…Continue

Tags: is, SITR?, what, Relief, Investment

Started by John Mulkerrin. Last reply by John Mulkerrin Feb 6.

Possible funding available to CIC's in 2017 7 Replies

Hi everyone,We are new to the CIC association forum and have recently set up a CIC and after reading the forum I have noted that older posts show that the funding for CIC's is limited.Has anyone got…Continue

Started by Tanya Dennis. Last reply by John Cropley Jan 18.

Maybe this could be the answer to your problems for investment. 5 Replies

OK. Having thought about my recent posts, it got me thinking.It is obvious that, no matter the reasoning, funders are in general looking for some kind of assurance that their grant/loan etc. will be…Continue

Started by Paul Gill. Last reply by Mary Burrows Jan 2, 2016.

What does this mean in Layman's terms? A guarantee company can borrow money and may issue debentures or debenture (loan) stock? 2 Replies

Hello Everyone,I posted that question on my wall and John Mulkerrin kindly responded. I then asked another question and John invited me to post the thread as a discussion for posterity and other's…Continue

Tags: laws, resources, loans, funding, CIC

Started by Bret Warshawsky. Last reply by Bret Warshawsky Apr 1, 2015.

Comment Wall

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Comment by Paul Weaver on December 20, 2013 at 23:47

Both Disability Works CIC and our sister CIC, the Festival of Social Enterprise CIC will be looking for funding during early 2014 for us to continue with our projects.

The local authorities who have helped us fund our projects in previous years are unlikely to be able to fund us in 2014 due to cuts in their funding, it was hard to get funded during the last round of applications without the added fund issues on them now.

We will be writing up our project early next year with a view to being able to apply for funds by middle/late February at the latest.

Comment by Katherine Thomson on July 1, 2013 at 16:28

Hi CIC's looking for investment. We are looking for investment, we currently have 2 Directors and are looking for a third.  Contact us to discuss if you are interested.



Comment by John Mulkerrin on June 24, 2013 at 17:28


I think the way to achieve it is to give up trying to get central funds to do it, it is clear in virtually every decision made so far (whatever your politics) that Govt just dont do risk. (well, at least this type of risk before you go telling me the whole caper of QE is a massive risk)

You know my thoughts on Grameen Bank as a great example of how to build something real, with the changes in banking I have been told by those in the know that microfinance could explode, and it is Mr Joe Public who is most likely to take a risk on us via simple peer to peer websites.

EG - Kiva has handled $445 million of loans in 70 countries, and has a repayment rate of 99.03%, they only started in April 2004. It can be done!

Comment by Trevor Lockwood on June 17, 2013 at 16:07

John: I'm asking the government to look outside the box. I just used the Student Loan system as a suggested method. What's needed is that small businesses are dealt with directly - they should be given money without the underwriting requirements or adminstrative gobbledegook. All we need do is monitor the system: do you want money? Are you a registered business? Can your details be verified? Good, then you can have money - set a limit on that obviously, but it will be cheaper and more effective than anything we now have.

Quantitative easing waters down the supply of money, making it more liquid and easier to obtain - so they say. That is not true - what it really does is make rich people richer, and much of that cash goes abroad.

If the government can give away £350 billion using quantittive easing - and see that it is not working - then it should take another tack. If they were to give away (say) £20 billion to small businesses the money would not be wasted - it would be spent in the UK, making its way back to the Treasury.

Comment by John Mulkerrin on June 17, 2013 at 11:42


Well worth digging into this subject. I guess the closest we have to a student loan is the performance loan setup, but like much of the finance available it will be the underwriting requirements set by the provider which are the biggest challenge. I dont know, but am assuming the underwriting of any loans via LEPs will require as much if not more security as per a bank?

Comment by Trevor Lockwood on June 17, 2013 at 11:14

I've just been looking at the way my local LEP provides small business support - it poses questions, to which I would like to promote discussion:

Comment by John Mulkerrin on August 20, 2012 at 16:42

agh, yes, I kinda thought so. That ticks their box, but might just waste time you could spend on really solving your challenges.

How are you going with your debt work? I worked in financial services for nearly 20 years and there seems to be a few CICs working in that field

Comment by John Mulkerrin on August 20, 2012 at 15:48

That's easy.....NO!

Comment by John Mulkerrin on August 15, 2012 at 15:04

Hi Harrie

many loans through traditional lenders such as banks, in the main, dont regard the number of directors as key. Neither would anyone investing in Shares, although they would (at least should) take it as part of the overall governance strength of the organisation, and in that perspective it could have an effect on any investment.

All grant providers have different criteria, and within that may have different criteria for different funds they offer. I can understand why many want independent directors on a board, it means they can give more grants and spend less on checking how they are spent, assuming an independent board will catch most wrongdoing.

Your local authority, social investors like SIB will look at any proposals.  A company with 10 million turnover, a strong finance team and 1 director might well look a little stronger than a 3 director start up, it is one of a number of criteria and in many cases not a leading one.

Sorry for being vague, we are working on plans to put together a data matrix which you can put your own circumstances into to find exact matches.....not as easy as it sounds when you delve into it.

Most organisations still want to receive your application even if they might decline it as they are often judge by that, so some dont want to be specific.

Comment by Sharon Cannings FRSA on August 7, 2012 at 19:28

Buzzbnk , as with all crowdfunding is hard work. I liked Buzzbnk's angle as they were coming from a social enterprise sphere. I think they've just launched a new crowdfunding challenge where there's some prize money on the table, too.

You have to be prepared to put in a lot of hours getting the message out there, as only around 6% will actually donate. Prodding people on Twitter and  Facebook, (without being annoying), learning to ask anyone and everyone for money is not as simple as it sounds!

The Big Lottery, or at least awards for all, was straightforward enough. Two of our directors live at the same address so we had to get a letter from our bank confirming that our third director was a signatory, and that the two at the same address couldn't sign together for cheques.

Nice and simple... fingers crossed for a Heritage Lottery grant application for a nice little documentary we've got planned...


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