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: 127
Latest Activity: on Thursday

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? 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.

Grants for your CIC 11 Replies

A wide variety of grants ranging from a few hundred pounds to £35,000 or more are available for community not for profit activities - including those run by CICs.Grants can be accessed for a wide…Continue

Started by Steve Goswell. Last reply by Subrata Saha Aug 4, 2014.

Comment Wall

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Comment by Fizz Heseltine on Thursday

@JohnMulkerrin sorry yes! We are fairly new to the world of investments/funding and any knowledge people would be happy to share would be appreciated very much

Comment by John Mulkerrin on Thursday

@FizzHeseltine - Great work going on there Fizz, do you need help with an investment issue?

John

Comment by Fizz Heseltine on Wednesday

Living It Up Events CIc provides social inclusion work to adults with learning disabilities and other disabilities including night club and gig nights but looking to broaden out to offer more intensive social inclusion work. We also run a Performing Arts Centre. Our website is www.livingitupevents.co.uk

Comment by Mary Burrows on December 16, 2015 at 11:30

Almitas Trust CIC is a new CIC based in the North West of England, which works to provide 24/7 supported accommodation for vulnerable families who are subject to Local Authority care orders or care proceedings or have other particular needs. We have self funded to date with our own capital and have made significant progress towards achieving our first referrals. We are looking for investment (financial or knowledge) to help us to strengthen our project as we work towards building a credible, accountable and ethical service, which will provide a cost effective alternative to for profit agencies. Our website is at www.almitastrustcic.org.

Comment by Jayne Bellis on July 18, 2015 at 9:29

Hi everyone,

Pennysmart CIC has been around for over 5 years, still going strong! limited by shares we are now looking to recruit 2/3 open minded non-exec directors to strengthen our board - ideally with management accounts/legal/financial services background. We are also looking for shareholder investors.

Please contact me for further information.

Jayne

Comment by IAN SOUTHALL on January 21, 2015 at 18:29

Hi everyone, we are desperatley seeking core funding of around £10k to get our projects off the ground. Have a look at the website;

www.the-cbc.org.uk and click on our profile presentation as this sums up how we want to be of value to our local community... but we've been banging our heads against a brick wall to get working capital. We've suceeded in getting some funding in for essential equipment which is great. but some of our key personell can't live on fresh air, hence our plea!! Can anyone help??

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.

 

Thanks

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

@Trevor

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.

 

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