Thursday, 14 January 2010

CICs to become a better investment proposition

It's great to read today that as a result of the recent review of the CIC structure, the rules are to be changed. I'm always thought that CIC limited by share offers the greatest potential. It allows for genuine, meaningful community involvement (through share holding) and means you can attract external investors too.

From 6 April a CIC will be able to give investors up to 20% return. This is a very, very positive move. I only hope it encourages more people to see and value the merits of the CIC limited by share option. At last social enterprises can attract investment in a way that rewards the investor. We all want to do good; now we can invest in social enterprises without losing out.

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