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About

The Richmond Yorkshire Community Interest Company was established in December 2023. It’s based in Richmond and is run by Richmond residents. As a Company, which is Limited by Guarantee, it reinvests any profit that it makes, back into the community-based projects that it is delivering.

These projects support economic growth and resilience, promote community cohesion, and provide positive experiences for our community and visitors.

A CIC is a legally recognised structure that the government added to the statute books back in 2005. It allows companies to be created that exist solely to deliver not-for-profit activities for the benefit of their communities. There are around 26,000 CICs registered in the UK.

However, it is not a charity because the income that the CIC generates is not restricted to supporting just one ‘purpose’ or cause, like say Guide Dogs for the Blind (clearly a charity).

The hoped for profit that the Richmond Yorkshire Community Interest Company earns will be reinvested in sustaining the new social enterprises that we set up as well as being distributed to various organisations or individuals in our community who are making Richmond an even better place to live.

Richmond is one of the country’s most beautiful Market Towns. It is a real privilege to live here, regardless as to your age.

However, despite all of its wonderful attributes, Richmond doesn’t always achieve its full potential, nor does it necessarily create sufficient opportunities to improve the lives of residents and the thousands of visitors who are an integral part of the town’s economy.

WARNING – Here comes the formal language contained in our official statement of purpose:

Richmond Yorkshire Community Interest Company is being established to create a portfolio of new initiatives that will add to the prosperity of the town. The Company will aim to work cooperatively with various organisations in Richmond in the direct provision of some of the new services it brings forward.

Specifically, the Company will provide a platform through which a coordinated programme of discrete projects will be developed and marketed to benefit the people of Richmond and the thousands of visitors who come to the town each year.

The majority of projects initiated by the Company will be commissioned to generate positive public outcomes that if measured purely for their commercial value would probably not warrant investment.

The Directors are freely giving of their time and expertise and are motivated by their desire to make a difference.

The team

A group of 9 individuals, from quite diverse backgrounds, have come together to set up the Company. They all share a very positive vision for the future of Richmond. They are proactive and keen to begin working on several new projects. The Directors of the Richmond Yorkshire Community Interest Company serve as unpaid volunteers. Find out more.