The reality is that due to the competitve structure of so many Charity Trading arms CICs and other social enterprise models are in a worse state.
Why? because the message of the CIC model has become confused. Recently a Health Care practice asked for my advice and that of a Social enterprise advisor on what would be their best model for future funding support?
Oh, the start-up grant was there for the CIC, but the model has no extention value if the funding criteria on future grants doesn't adjust.
The model adopted is the short term gain, money now and worry about future funding later.
It was an interesting process and I hope it works for the project.
Accessing funding for a CIC is always going to be challenging therefore the model must create streams of income, attract contracts for services and investment from stakeholders. For example: Office hosting - one of the projects I work with has office space at peppercorn values, part time secondments and access to resources. It makes money, enables local businesses to invest in a social enteprise and supports the community.
Hopefully members of the CIC Association have realised that the structure of income is critical to the longevity of the business.
Those looking for help and advice in creating new lines of income, securing public sector contracts or looking for innovative partnerships give me a shout
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