Community Interest Companies

Community Interest Companies (and other forms of social enterprise) have an increasingly important role in transforming people’s lives in Somerset. 

While we welcome application from CICs, we recognise that they differ from charities and other voluntary organisations, particularly as they do not have a voluntary governance structure equivalent to charity trustees. As such, our decisions will be based on our regular grant criteria as well as the following: 

These guidelines apply to other social purpose businesses, including companies limited by guarantee and Industrial and Provident Societies, where we would expect to see an asset lock, a cap on directors’ remuneration, and a suitable dissolution clause. 

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