Establishing a Community Interest Company (CIC) is an exciting venture that allows you to pursue your passion while making a positive impact in your community. This guide will explore the essential steps to set up a CIC and secure funding within four months. Whether you’re an aspiring entrepreneur or a dedicated community worker, this information is designed to help you navigate the process effectively.
Every, a San Francisco-based company that offers tech founders a comprehensive back office solution, raised $22.5M in Series A funding. The round was led by Redpoint Ventures, with contributions from Y Combinator, Okta Ventures, Base10 Partners, and Formus Capital.
Travel Seen, a travel company leveraging social media influencers, has made its third acquisition by acquiring a majority stake in Manchester-based luxury tour operator eShores. Founded in 2021 by Jen Atkinson, Travel Seen received an initial investment of £1.6 million from Arete Capital and later funding from Dez Derry of Blume.
Five by Five, an independent creative agency, has acquired TSA, a fast-growing influencer, social media, and content creation agency based in London. This strategic move enhances Five by Five’s capabilities in a rapidly growing sector, allowing TSA to leverage greater creative and strategic resources for its clients, including notable brands like Drink Me Chai, Laithwaites, and Malibu.
The joint industry and government fund is set to award £88m to 46 projects developing green vehicle technologies. This includes £44.5m from the government and £43.5m from the automotive industry through the Advanced Propulsion Centre (APC).
The British Fashion Council (BFC) has partnered with Chinese e-commerce giant JD.com, announced on September 13 at London Fashion Week.
Additional awards from the UK Shared Prosperity Fund and Rural England Prosperity Fund (UKSPF/REPF) have been made to projects in East Lindsey, funded through savings from the current UKSPF programme.
New data from Barclays and Beauhurst shows £3.5 billion was invested in UK businesses via private equity from May to July 2024, a 3% rise from the previous quarter. Private equity deals made up 60% of total investments, with foreign investors driving high-value deals.
UK Trade Secretary Jonathan Reynolds will meet Gulf state officials in Saudi Arabia on Monday to strengthen ties with the region ahead of a key investment summit in October. Discussions with the Gulf Cooperation Council, comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, aim to secure a trade deal that could boost the UK economy by £1.6 billion ($2.1 billion).
Richard Parker, Mayor of the West Midlands, hosted a key roundtable with major regional employers like HSBC, BBC, Severn Trent, and JLR to tackle youth unemployment.
