Definition : CIL

CIL, short for ‘Community Interest Company’, is a unique type of business structure that combines the best of both worlds – the social mission of a non-profit organization and the flexibility and sustainability of a for-profit company. CILs are driven by a clear social purpose and are legally required to reinvest their profits back into their community, making a positive impact on society. This innovative model allows CILs to tackle social and environmental issues while also generating revenue and creating jobs. With a focus on both profit and purpose, CILs are paving the way for a more socially responsible and sustainable business landscape.

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