The New Breed – About CICs
(Taken from the Regulator’s website)
“The new breed CICs are not just conceived as an adjunct to charities law. With their simplified regulatory regime, the asset lock to provide donor investor and public confidence, and the yearly social reporting, CICs could prove attractive to a new breed of social entrepreneurs. Under the CIC model, those with the drive to establish trading concerns of social value can keep operational control of what they create.”
John Hanlon,
Community Interest Company Regulator
23 May 2005.
For further information about CICs please take a read of our blog entry “What is a Community Interest Company?”
