We received news today from Companies House that Team SpringBoard has been approved as a CIC - Community Interest Company!
Wikipedia says that A Community Interest Company is a business with primarily 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 social enterprises have a distinct and valuable role to play in helping create a strong, sustainable and socially inclusive economy.
CICs are regulated by the Office of the Regulator of Community Interest Companies - here is the list of all CICs (including Team SpringBoard) registered during November - November CICs
Wikipedia says that A Community Interest Company is a business with primarily 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 social enterprises have a distinct and valuable role to play in helping create a strong, sustainable and socially inclusive economy.
CICs are regulated by the Office of the Regulator of Community Interest Companies - here is the list of all CICs (including Team SpringBoard) registered during November - November CICs
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