Government publishes intentions on Community Interest Company

first_img Tagged with: Giving/Philanthropy About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. In its public consultation phase the proposal received 134 formal responses from bodies such as ACEVO, NCVO, Association of Charitable Foundations, Community Matters, and the New Economics Foundation.The government’s proposals to proceed have been published together with details of some of the feedback received. For example, the government has noted the generalsupport for its proposal to excludepolitical parties from adopting Community Interest Company status, or establishing such subsidiaries. It therefore intends to incorporate these exclusions in legislation. Howard Lake | 1 November 2003 | News  23 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img The Department of Trade and Industry has published details of how it proposes to introduce a new type of company structure for not-for-profit businesses and social enterprises.The government has announced that it intends to proceed with legislation to establish the Community Interest Company “as soon as Parliamentary time allows”. The concept of the Community Interest Company (CIC) was originally outlined in the Cabinet Office Strategy Unit report “Private Action, Public Benefit”, published in September 2002. This new type of company could prove a useful structure for organisations looking to work for community benefit “within the relative freedom of the non-charitable company form, but with aclear assurance of not-for-profit distribution.”status. Advertisement Government publishes intentions on Community Interest Company AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img

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