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Plain English definition

of

Community interest company

from

Think Local Act Personal (TLAP) Jargon Buster

Source

https://www.thinklocalactpersonal.org.uk/Browse/Informationandadvice/CareandSupportJargonBuster/#Community%20interest%20company

A type of business that helps people or communities and uses the money it makes to do more for the community it supports, rather than giving profits to private shareholders. Many social enterprises are registered as community interest companies, which are different to charities because they remain a private company.

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