CIC Association

Serving Community Enterprise

CICs seeking investment

Information

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: 137
Latest Activity: 9 hours ago

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

Possible funding available to CIC's in 2017 6 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 Tanya Dennis Aug 26.

What is Social Investment Tax relief? 1 Reply

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 May 16, 2016.

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 John Mulkerrin on August 6, 2012 at 11:41

An excellent question Dilbagh!

I have been trying to make progress on this, but the main problem is a lot of the traditional grant funders will not formally confirm, preferring to judge each individual application. For example, a CIC Share company may have shares that are NOT dividend distributing, it is the profit distribution factor that really makes the difference.

We're slowly gathering evidence and this years survey is trapping some information around this, if you or any other CIC reading hasnt completed it yet please do so here: http://www.ezsurvey.org.uk/surveys/index.php?sid=92615&lang=en

We do want to put together a matrix that'll help, being realistic we wont be able to get anything done in the short term, but aside some of the grant making bodies most of the other intermediaries in social finance would be happy to consider investments into CIC limited by Share.

That doesnt mean much business is actually happening though, last year only £3.5 million of risk investment went into the social economy.

If you have a specific proposal id be happy to arrange a few introductions.

Comment by Dilbagh Dhami on August 5, 2012 at 11:57

Help! Is there a list of funders who have/ or are willing to fund CICs with shares (CLS)? I haven't found one yet, so please share any success stories and names of funders who are sympathetic :)

Comment by catkins childcare cic on July 31, 2012 at 18:19

We are a CIC providing childcare facilities for the local community and surrounding areas. We are struggling for space and are having to turn away 2 year old children that have been identified by our Local authority as "vulnerable" We desperately need funds to help build/rent additional premises to assist these families within the community

Comment by kafayat Balogun on June 18, 2012 at 20:41

How do I join this group should have being my first questions? Am I in already?

Comment by kafayat Balogun on June 18, 2012 at 20:39

 Our project is a drop-in creative arts and crafts activities from household rubbish into beautiful new things planned to be free to all members but couldn't secure funding for this, we will like to hear form any one or group that can assist with fund raising, filling forms and applying for it. We have a couple to close this month. Please contact Kay or Kafayat on 07958404028, 08448074028 or kendagcic@yahoo.com, daraqute@gmail.com Thank you Kay Balogun 

Comment by Donna Blundell on May 16, 2012 at 14:03

Looking for people to join our CIC

Would like to hear from anyone who can assist with our project for people and families with disabilities/special needs.

Email us at yourresortcic@gmail.com for more information

Thank you

Donna Blundell

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.]

 

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