What is a CIC?
A Community Interest Company is truly for the benefit of the community. It must:
Serve the community:
Provide a benefit to the people who live, work and / or run a business from the parishes of Halton, Wendover, Weston Turville and Aston Clinton, and visitors to Halton
Have long-term social objectives:
Benefit from an ‘asset -lock’ ie any assets are locked into the company and profits ONLY go back into the community project
Be run by a group of directors, whose remit is defined by Articles of Association
overseen by a CIC Regulator