Co-operative Community Interest Companies
22nd May 2006, 9:35 am
Cooperatives UK have developed model rules for co-operatives to set up using the Community Interest Company legal form, which was introduced last year. They have worked with the CIC Regulator to make it easy for social entrepreneurs to choose this option.
Co-operatives typically have social and community aspects incorporated in their ethos, so the community interest test and asset lock of the CIC make a natural progression. News item at http://www.cooperatives-uk.coop/live/welcome.asp?id=1007. (Source: Third Sector)
A recent Third Sector included a feature looking at CICs (http://www.thirdsector.co.uk/charity_news/full_news.cfm?ID=18694), contrasted with a social enterprise moving to a charity model (http://www.thirdsector.co.uk/charity_news/full_news.cfm?ID=18695).