is it the case that 65 persent of profits go back into business and 35 persent into the community also who owns cic
hi john when you say application goes through the cooperative do you mean a director has to sign it of
hi john a member of the three towns cooperation who runs a dance class of there own can go for funding in there own name on behave of the three towns cooperation.hope this is right. thanks craig
I have come to realisation that I would like my current limited company to be transformed into CIC.
There's a lots of information on the web but I am getting very confused.
Considering my modest start up budged it is impossible to pay solicitor's fees.
However, I need to make sure I am doing the right thing.
Currently my company provide education, training and workshops regarding improving the everyday usage of English within some communities;…Continue
Hi - my name is Tim Cooper. I have recently established Communities Insurance Brokers as a CIC to serve the charity, voluntary and non-profit sectors in the UK. We are a bit of a novelty as the FCA didnt know what a CIC was. My background is in commercial insurance broking but this is my first social enterprise. If you need some friendly advise on your insurances, or would like a competitive quotation we would be pleased to hear from you. on 01242 460469 Follow us on Twitter @comminsureco…Continue
We provide courses to vulnerable young people, there is a bursary for the course but our contract won't be paid for thirty days. As a small organisation we can't bank roll costs for students. I need a grant about £2000 but need to turn ii around in a week, any ideas?
So I started the company one year ago and it has been incredible. Gone very well. Starting from nothing, literally and end of year was £57,000 with outgoings less. However the organisation has reached that point where it's expand or keep going the way it is. Obviously I want to expand and have some really great contracts on the door steps. Plus the opportunity to move into a new premises that would catapult the organisation into a different world, it would put it up there with…Continue
Added by Matthew Reed on January 18, 2014 at 21:15 — No Comments
Please vote for Horses Helping People in the People's Millions final - lines only open til midnight 27th,, so do it now! Call 0871 626 88 15 You can vote 10 times from any phone. Watch this film to see why you should vote …Continue
Added by Debbie La-Haye on November 27, 2013 at 22:24 — No Comments
Why are there so few of these companies
Iridescent Ideas CIC has been shortlisted by RBS Inspiring Women to support women thinking of setting up social enterprises in Devon and Cornwall (the project is called ‘Unicorns’ Glade’). We want to celebrate female social entrepreneurship and provide inspiring advice in community settings to try to find women with great…Continue
Added by Gareth Hart on November 10, 2013 at 22:41 — No Comments
Fantastic news! - Horses Helping People CIC in Buckinghamshire have won through to the final round of ITV's The People's Millions, where worthy projects compete for public votes to win a cash donation of £50,000 from the National Lottery Big Lottery Fund.
Our therapeutic horsemanship centre is hoping to secure the money to fund the 'Neigh Team' project, where volunteers from the veteran and homeless communities will come to Sunrise Farm through 2014 to build a mile long sensory nature…Continue
"Be the first to hear about the emerging challenges and great opportunities for 2014 and then put your plan into action"
GET Investment - Discover the latest trends and opportunities
KEEP Legal - Avoid the common mistakes and pitfalls that growing businesses make
GET Noticed - Turn your customers into Raving Fans with awesome branding
GREAT People - Get the most from your people & keep on the right side of the law
Do you have big ideas and plans for the…Continue
Added by Heidi Fisher on October 27, 2013 at 19:20 — No Comments
Added by Heidi Fisher on October 15, 2013 at 13:37 — No Comments
The Public Sector measure many of their contract values in terms of price and not impact; to date procurement has settled on best price calculated on lowest price linked to quality.
NOW THEY CATCHUP TOOLS ARE IN PLACE.
Lets start by dispelling the a myth and recognise localism isn't just about proximity, the impact and benefits in the local community are critical to the overall value of your response. What sort of things can you…Continue
January 2013 is a watershed for social enterprise and community focused service providers because the Public Services Act 2012 created a level playing field for public sector competitive tendering.
Price has been a core driver in procurement for many years, lowest price has appeared to be the key differentiator with SME's and social enterprises struggling to compete with larger employers who draw on economies of scale and multiple contracts to share overheads.
Added by Mark Trotter on September 23, 2013 at 10:04 — No Comments
We have been shortlisted in Britain's biggest small business competition and with your help, could be awarded an investment of up to £275,000.
If successful, this would be of immense help as we have ambitious expansion plans to help people living in cold homes and get out of fuel poverty. However, to expand, we need…Continue
We have a CIC which works with children and young people with emotional wellbeing/mental health issues. I set up a CIC initially rather than a charity as wasn't able to work into it if it was a charity and I needed to at that time to develop it. The difficulty we have is that we would like to do some fund raising to be able to offer the children that 'bit extra' which we are not able to use our current funding for - e.g. Christmas party, refreshments, days out/travel…Continue
For most companies becoming tender ready is a challenge but for CIC's it is an extension of existing practices.
Here's a quick list of things to gather together:
Added by Mark Trotter on August 14, 2013 at 15:10 — No Comments
I'm working on an form of the Public Service Code, adapting it for my CIC. Does anyone have any comments?:
This CIC subscribes to a form of the Public Service Code adapted for a CIC. Its Directors and Officers will:
Observe at all times the ethical standards expected of public servants, having regard to the Seven Principles of Public Life
Make themselves accountable to the CIC Regulator and through other means for their policies and performance, with…
Added by Simon Odell on July 25, 2013 at 11:30 — No Comments
Over the last few months I have worked with a couple of CIC's who are now either safely competing on frameworks with local councils or receiving requests for quotes linked to local public sector services.
We have been able to use three key features of legislation to best advantage:
1. Localism Act - a great tool for specifying benefit to the economy and the supplychain.
2. Public Services 2012 - this has been an excellent mechanism for preventing LA's from…Continue