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…See More
She said: "The change might cause some clients to rethink their business models, particularly if down the line we see more investors being encouraged to invest in CICs. The more profit a CIC makes, the more can be distributed to investors and retained for the benefit of the community."Simon Steeden, a partner at the law firm Bates Wells Braithwaite, said: "It is hoped that the new legislation will increase the impact of social investment tax relief by increasing the number of social…See More
I am thinking about CICs with a sufficient number of members (who may not all know each other), that formally electing directors, rather than just confirming their appointment by ordinary resolution, is relevant. I was thinking of GP commissioning groups and Nene Commissioning in particular, which serves Northants and which is registered as a CIC. However looking at their website, there is virtually nothing about governance or how they are funded, and you can become a 'member' without contributing any share capital. That seems just like a public relations exercise to me and the doctors just want to get rich off the NHS, hardly in the spirit of CICs. However if any of your members represent CICs with many members - probably hundreds at least - they might be interested in what I have to suggest. What do you think? Worth discussing or wasting people's time?
First of all thank you for allowing someone who is not associated with a CIC to become a member of the Association. I will try not to abuse the privilege. The 8000 or so CICs come in all shapes and sizes. My suggestions would probably only apply to a minority. I think the best way to start is to put an article on my blog and put a link to it on this wall.