Community Cohesion

Enhancing community
through volunteering

A Community Interest Company (CIC) is a special type of non-charitable limited company in the UK, specifically designed to benefit the community and pursue social purposes rather than generating profit for shareholders. This unique business structure combines the entrepreneurial spirit of a private company with a strong commitment to social impact, positioning CICs as a pivotal element in the British social enterprise landscape.

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Programme Highlights

The programme highlights of a Community Interest Company (CIC) underscore its dual focus on entrepreneurial activity and committed community benefit, embodying a model that promotes transparency, sustainability, and social impact.

01
Registration and Accountability

CICs are officially registered at Companies House and are required to report annually to the CIC Regulator, ensuring transparency and accountability in their community-focused activities.

02
Community Benefit

Designed to operate with the community’s interest at the core, CICs use their assets and profits primarily for public benefit. This ensures that resources are dedicated to fostering positive social change.

03
Cap on Dividends

Any dividends paid to shareholders are strictly capped, which helps to maintain the focus on community benefits rather than personal gain.

04
Advantage in Volunteering

CICs excel in the volunteering sector by ensuring contributions directly boost community welfare, benefiting all involved, including third sector organizations seeking dependable social impact partners.

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