CIC (Community Interest Company)

A Community Interest Company (CIC) is a type of social enterprise in the UK designed to benefit the community. It operates like a regular company but is established with a specific social or local purpose, such as helping disadvantaged groups or supporting environmental initiatives. CICs aim to generate income while ensuring that profits are reinvested into their community goals rather than distributed to shareholders. They are regulated by the CIC Regulator to maintain their social focus and transparency. Essentially, CICs blend business practices with a commitment to positive social impact.