dizzy is a registered Community Interest Company (No 05375930)
Community Interest Companies
The Community Interest Company (CIC) is a relatively new type of company, designed for social enterprises that want to use their profits and assets for the public good. CICs have all the flexibility and certainty of the company form, but with some special features to ensure they are working for the benefit of the community.
dizzy is a very active social enterprise and registered as a regulated 'Community Interest Company' (CIC) - Number 05375930. West Sussex County Councils dedicated department, the West Sussex Social Enterprise Network (WSSEN) defines such enterprises as "businesses with social objectives that do not distribute profit in a conventional way. Any profit generated is kept within the enterprise to fulfill its social objectives or to improve the business. Social enterprises create local jobs, help to generate social capital and community cohesion and are environmentally minded. They are increasingly becoming a new way to deliver local services and to ensure community needs are met. Social enterprise is now an integral part of the government agenda for public service delivery and the development of social enterprise is being actively encouraged."
CICs report to an independent regulator on how they are delivering for the community and how they are involving their stakeholders in their activities.