Define: Social Enterprise – an organisation that uses business strategies to achieve philanthropic goals.
Define: CIC – a limited company with special additional features created for the use of people who want to conduct a business for community benefit. This is achieved by a ‘community interest test’ and ‘asset lock’, ensuring the CIC is established for community purposes and with profits dedicated to these purposes. For further information go to cicregulator.gov.uk.
A percentage of profits go into a local recycling scheme, the rest go back into the business, and the company delivers workshops and offers creative opportunities in various settings. These are delivered to people from various disadvantaged groups as well as to anyone who is interested. The social experience of being part of a workshop is invaluable, as is the therapeutic nature of creative endeavour. Eventually the company hopes to be able to employ or work with volunteers from these disadvantaged groups.
The BIG green agenda is recycling, or more specifically upcycling. Rather than using a lot of energy to break something down into its component parts, we are adding something, adding value, transforming waste into something desirable and increasing an objects life. Upcycling allows all the weird, wonderful and forgotten objects to be admired as beautiful, as art. The workshops within the community will raise awareness of waste and environmental issues
JESSICAFOUNDIT CIC was awarded a start up grant from UnLtd who fund social entrepreneurs.
JESSICAFOUNDIT CIC banks with the Cooperative– who don’t provide finance to businesses which systematically fail to implement basic labour rights; businesses engaged in the extraction and production of fossil fuels such as coal, oil and gas; businesses involved in animal testing for cosmetic or household products or their ingredients; or businesses involved in the transfer of armaments to oppressive regimes. Find out more at: goodwithmoney.co.uk/your-world.