Category: Leading your organisation
Becoming a Community Interest Company (CIC) is an exciting step forward for groups or organisations that want to be a business and have social impact. However, you will need to think about some key issues first, to make sure you're doing the right thing for you and your social enterprise. This briefing covers why and how to set up as a CIC, and how to run well once you are set up.
Wednesday 16 June, 2021 - 12.30pm to 2pm
What is this course about?
This briefing covers why and how to set up as a CIC, and how to run well once you are set up. It’s a 90-minute lunchtime session for beginners, with plenty of time to ask questions.
What will you learn?
- When a CIC is the best choice for your social enterprise.
- How to choose the right CIC structure for you.
- How to register as a CIC.
- The roles and responsibilities of the Board and Directors.
Why is it this course relevant or important at the moment?
CICs are probably the most common legal form for social enterprises and can offer advantages over other structures such as speedy decision-making, low overheads and flexible adaptation to change.
The coronavirus pandemic proved how important community businesses and social enterprises are; rather than giving profits to shareholders or keeping them, CICs reinvest any surplus money back into the community, directly benefitting local people – and giving founders/leaders the chance to combine paid employment with strategic direction and governance.
Even before the pandemic, CICs were popular; in 2018, there were already 14,250 registered in the UK. The government estimates there could be 30,000 CICs by 2025.
Who is this course for?
Anyone considering a CIC model for their social enterprise, or for an existing business or charity that wants to convert to a CIC. This is a basic level course, so we don’t expect you to know the terminology or the structure of a CIC – that’s what you’re here to learn, at a comfortable pace.
What else do you need to know?
To take part, you will need a laptop with a camera, microphone, and Wi-Fi. You won't need any other software. You will be emailed an invitation with a link to join the online training prior to the course.
Voscur is running all our training online due to the ongoing public health situation with coronavirus (or COVID-19). This decision was taken in line with local and national health advice, and to safeguard the health of our attendees and staff. We are aware that many VCSE organisations in the city are focusing their efforts on providing and changing their services to respond to communities. For more information about coronavirus, see https://www.voscur.org/content/covid19-service-users
If you cancel your place on a paid for training course you will need to give at least 2 weeks' notice in which case a full refund/credit note will be issued. Less than 2 weeks' notice will result in the full cost of the course being invoiced (not being refunded/credited), unless you can give the place to somebody else. If the place is transferred to someone else there may be an adjustment on payment/fee depending on their/their organisations membership status.
If you have been offered a free place, or the training you have booked is a free session: if you do not cancel giving at least 2 weeks' notice and you fail to attend (and are unable to send someone in your place) an admin fee of £25 will be charged, we will invoice you/your organisation.