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.

PR Works!

Also at Olympia, I spoke with the Community Interest Company regulators. They decide if a prospective social enterprise fits their critera for inclusion. (CIC presents the greatest opportunity for entrepreneurs to establish a 'limited by share' social enterprise from which they can take 35% of the profits for themselves)

I've been writing in varoius business magazines about how huge the CIC opportunity is and was flattered to find that the CIC regulatory team have been cutting them out for their own organisation's scrapbook.

It only goes to show the power of good PR.

Check out CICs for yourself