Community interest company business plan examples

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Community interest company business plan examples

Social enterprise A community interest company is a business with primary social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.

CICs tackle a wide range of social and environmental issues and operate in all parts of the economy. By using business solutions to achieve public good, it is believed that CICs have a distinct and valuable role to play in helping create a strong, sustainable and socially inclusive economy.

One early notable proposal was advanced in by the Public Management Foundation in "The case for the public interest company" [4]based on research supported by the Gulbenkian Foundation, Gordon Roddick and the Office for Public Management. They include social and community enterprises, social firms, mutual organisations such as co-operativesand large-scale organisations operating locally, regionally, nationally or internationally.

1. So, what is a Community Interest Company (CIC) and how is it connected with social enterprise? CICs were developed to address the lack of a legal vehicle for non-charitable social enterprises. Community Interest Companies - There has been a lot of talk lately about the extent to which the legal structure of a social enterprise or a social business matters, and the comm / Growth Highlights –Include examples of company growth, such as financial or market highlights (for example, This section of your business plan provides a high-level review of the different elements of your business. This is akin to an extended o Community involvement o Number of years with company.

Legal forms and social objectives[ edit ] CICs must be limited companies of one form or another. Regular limited liability companies that do not have charitable status find it difficult to ensure that their assets are dedicated to public benefit.

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There is no simple, clear way of locking assets of such a company to a public benefit purpose other than applying for charitable status. The community interest company is intended to meet this need.

Further information

If satisfied, the regulator advises the registrar in Companies House who, provided that all the documents are in order, will issue a certificate of incorporation as a CIC.

In so doing it will lose its charitable status including tax advantages. CICs are more lightly regulated than charities but do not have the benefit of charitable status, even if their objects are entirely charitable in nature.

Those who may want to set up a CIC are expected to be philanthropic entrepreneurs who want to do good in a form other than charity. This may be because: CICs are specifically identified with social enterprise. Some organisations may feel that this is more suitable than charitable status.

Members of the board of a charity may only be paid where the constitution contains such a power and it can be considered to be in the best interests of the charity. It means that, in general, the founder of a social enterprise who wishes to be paid cannot be on the board and must give up strategic control of the organisation to a volunteer board, which is often unacceptable.

This limitation does not apply to CICs. They are looking to work for community benefit with the relative freedom of the non-charitable company form to identify and adapt to circumstances, but with a clear assurance of not-for-profit distribution status. The definition of community interest that applies to CICs is wider than the public interest test for charity.

The Registrar will conduct the normal checks for registration and pass the papers to the Regulator of Community Interest Companies, to determine whether the company satisfies the community interest test.Find Sample Business Plans from Community Investment Corporation before Creating a Business Plan for your Business.

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Loan Programs. SBA The examples of business pro formas from some of the more popular types of businesses. Follow the directions on the first tab of each . For a template that you can use to write a complete business plan see Simple Business Plan Template.. Section 1: Executive Summary The executive summary goes near the beginning of the plan but is written last.

Community Interest Companies - There has been a lot of talk lately about the extent to which the legal structure of a social enterprise or / Preparing for success in the next 40 years.!!

March&&! 1" CONTENTS 1. Introduction 2 become a Community Interest Company (CIC).

community interest company business plan examples

This company was formed on 27th June and its Directors are: The business plan contains a significant number of actions and, while several of them require financial investment, .

as Community Interest Companies (CICs) and examples from around the UK to support your that you will require to prepare a business plan for your social ashio-midori.com a business Community & Business Initiatives Manager, Dunedin Canmore Housing Association 6.

Business plan - Wikipedia

The business. communications plan to support a company’s community investment strategy. the scope and level of detail of the communications plan may be scaled to fit the needs and stage of the project (or company operations).

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