community interest companies

Community Interest Companies (CICs) are a special type of social enterprise in the UK designed to benefit communities. They are formed as companies with a social purpose, and most of their profits are reinvested to support community goals rather than being distributed to shareholders. CICs are regulated to ensure they serve the public interest, often working in areas like education, health, or local development. They combine the flexibility of a private company with a commitment to social impact, making them a sustainable way to address community needs through business activity.