CIC Association

Serving Community Enterprise

CICs seeking investment

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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: 153
Latest Activity: Sep 16

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

Gift-in-Kind Professional Development Training

Training provider Inspire, Motivate & Engage has added CICs to it's charity programme beneficiary list, so social businesses can access gift-in-kind professional development training for…Continue

Started by Claire Given Jun 28.

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, 2018.

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, 2018.

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.

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Comment by Natasha Henry on February 7, 2012 at 13:14

Dear Group,

We are a volunteer organisation that provides free first aid training to the community. We are currently working with a local  High School Academy, training their students in first aid to assist with the completion of their Prince's Trust Award. Our training also prepares students to manage knife and gun related injuries.  We are also teaching frist aid to young parents to help reduce the admittance of infants and children to A&E. The demand for our service is higher than expected and we could really do with some advice about funding.  If anyone could help please call Natasha on 07400 33 22 52.

Comment by Sharon Cannings FRSA on February 6, 2012 at 14:58

Hello all,

Just a quick one to let you know we're crowdfunding this month to raise funds to get our new venture off the ground.

Feel free to donate/circulate...www.buzzbnk.org/esp

Thanks!

Comment by wendy h wills on October 26, 2011 at 14:30

Hello John,

 

I am the Founder and CEO for Procurement Connection CIC.  We starting trading in Feb this year.  We are looking to raise funds for a COO for 3 years to take the business forward with our strong progress made to date. 

Can you help?

Wendy

01392 366 964

 

Comment by Alison Lowndes on September 19, 2011 at 16:21

John, how/where do we register KO2 to be considered for a social impact bond? In addition our core activities we're now working jointly with the Fire & Rescue Service offering their own accredited courses. We've applied to the Home Office's Community Action Against Crime fund for the first year but need the costs of running these courses covered by govt i.e investment made with a view to the savings we'll offer in reduced youth crime.

"..a young person in the criminal justice system costs the taxpayer over £200,000 by the age of 16, but one who is given support costs less than £50,000." [‘Tired of Hanging Around’ Audit commission 2009.]

Comment by John Mulkerrin on September 19, 2011 at 15:25

Hi David

 

Happy to have a conversation, although i'll probably roll out a lot of what you already know. Ive interacted with a lot of different funding types so may be able to help in some way.

 

Practically I think it will be a while before we look at working with non CICs, and thats purely down to pragmatic rather than dogmatic reasons. For example the first Bond is using a model that wouldnt work for a normal CLG, although it would work if you were a charity.

 

This is because the Bond is structured via an IPS which has an exemption and the activity must be legally recognised as charitable (so indeed it isnt even available as an option to all CICs)

 

As you know im working on a shoestring and unfortunately the pace of development reflects that. If we end up going for a full FSA authorisation ourselves or operate under an exemption will depend on the wider financial service reform going on.

 

Here's a response we put into a Govt consultation, suggestion 1 is being considered as it was also suggested by a taskforce that was set up, we wont really get motoring until this has been decided. http://cicassoc.ning.com/profiles/blogs/cic-association-cic-response-t

 

Look forward to talking more

Comment by David William Eadie on September 18, 2011 at 14:26

I have to be honest and say that I am not actually a cic yet - but I am seeking investment.

 

After considering the structure to adopt for my new company  - The Triple Bottom Line Consultancy and Training Ltd - I decided to stick with what I know and set it up as a company limited by guarantee.  I felt this would then leave my options open.

 

However, as a company limited by gaurantee, we intend to provide help and consultancy to organisations in the third sector.  Indeed, even though the company is dormant at present, we have been assisting  - without charge - a cic in the region.  And, it is our intention to try to provide excellent consultancy at very low rates (and sometimes free) to as many cics and other third sector organisations as we can.

 

That is the reason why we are seeking investment.  So, if you can help us to secure it, we can help you all the more.

 

Thanks

Comment by Mike Deacon on August 4, 2011 at 15:12
I can help mentor CIC organisations seeking funds in this way, having set up a large CIC consultancy business for its founders/stakeholders.  I can be contacted on 07739 329538 or via my website www.abfl-ltd.co.uk
Comment by COJOSA UK-IRL on August 4, 2011 at 12:56
We will like help in raising funds  and are interested in registering for this. You can contact COJOSA UK-IRL  on 07900928873. Many thanks
Comment by Sue Westbrook on August 3, 2011 at 18:05

De Etchingham CIC would also be interested in registering for this, need all the help we can get.

Cheers

Comment by Sean Gibbons on May 25, 2011 at 20:46
Food AWARE is currently going through a challenging period in order to sustain our projects. Simple words of advice guys - UNRESTRICTED INCOME GENERATION is what we need and non-reliance on funding/investment streams!
 

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