CIC Association

Serving Community Enterprise

Here's an extract from the recent labour manifesto, what do we think?

The new mutualism

There is growing interest in co-operative and mutual organisations that people trust, and that have the capacity to unleash creativity and innovation, creating new jobs and services – particularly in disadvantaged neighbourhoods where traditional approaches have failed in the past. We want to see more local organisations run on cooperative principles with an expansion of Community Interest Companies and thirdsector mutual organisations that reinvest profits for the public good.

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Comment by Jeff Mowatt on April 16, 2010 at 20:06
Indeed,

As I've been relating with some difficulty today on the Guardian's Joe Public blog, this was a call we'd made and applied in Russia to source a microfinance bank in Tomsk

When we brought it to the UK, the point was made that cooperative rules place surplus back in the hands of the membership, our aim was to re-invest in all the community regardless.

http://www.guardian.co.uk/society/joepublic/2010/apr/14/be-honest-a...

Our founding paper prescibed this as an inclusive form of capitalism to co-exist in the free market and replace the non-profit model, such that the flow of wealth might be altered with just a minority doing things differently.

In Russia the result was 10,000 small businesses with more than 80% initiated by women. Here in the UK the social enterprise community seem to be in denial of overseas success.

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