“These recommendations solve the fundamental flaw that was built into the CIC share structure. It will allow entrepreneurs, employees and the community to innovate and participate in locally led initiatives, and allows generous profit sharing with external investors. I’m personally very excited about we can achieve collectively over the next few years.”…See More
"Thanks for this Geof, hadnt seen it
Just a comment on Big Lottery eligibility, they have recently updated me to say they will consider CIC limited by Share for funds such as Awards for All, the monies have to be ringfenced etc but aside that all as…"
Plans were announced in 2010 to partially demolish the 1930s Grade II* listed complex and build flats.Brighton and Hove councillors have now approved proposals to give the Saltdean Lido Community Interest Company a 60-year lease to operate the pool.Chairwoman Rebecca Crook said its aim was to bring the site "back to life and to get people using it again".Full story click here: http://www.bbc.co.uk/news/uk-england-sussex-25256576See 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.
Helen here from Clout Theatre. I could do with all the help I can get! Thankyou!
Are you about on 29th April? I have a meeting at 2pm in central London but am free before then?
We are looking into becoming a CIC - I've looked at the paperwork and it has gone right over my head.
We're in the sticky situation where we have no money because we don't have CIC status and therefore cant apply for pots of funding, and cant yet apply to be a CIC because we dont have the money to pay for it!