HOW DOES THE CIC SETUP WORK?

For all intents and purposes RIDER RESILIENCE is a standard limited company, but as a Community Interest Company it is limited by guarantee meaning no shareholders benefit from any potential profits.

Furthermore, the company is asset locked through its “articles of association”; should the business be rolled up any residual assets automatically go to a pre-determined list of other not-for-profits.

Put simply, any money invested into the project will eventually find its way to a cause that is set up to benefit the cycling community.