Mindful Moments Meet

A Community Interest Company (CIC) is a type of social enterprise established to benefit the community rather than generate profit for shareholders. CICs are legally required to use their assets and profits for public good, with a clear focus on creating social, environmental, or economic impact. They are regulated by the CIC Regulator in the UK and must adhere to a "community interest test" to ensure their activities genuinely benefit a community.

CICs are important because they fill the gap between traditional businesses and charities, allowing for entrepreneurial activities while prioritizing community benefits. They promote social change, provide services where government support may be limited, and often tackle issues such as poverty, health, education, and environmental sustainability. This structure enables communities to have a direct stake in the work being done to improve their welfare.