What is a CIC

What is a Community Interest Co.?

A Community Interest Company or C.I.C. is a form of Social Enterprise (which is the British term for “Non Profit” Company). We are not a charity, we are a Company Limited by Guarantee and our stated aims are for social and community benefit. A CIC, in particular, allows for the acquisition of assets for community benefit and none of the directors can benefit from those assets; if the company should cease trading any assets we own will be passed to another CIC or social and community body to continue to be of benefit to society.