A CIC or Community Interest Company is is a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community.
We established the HTHCIC because it’s a legal entity (as compared with HTHAS which is a loose collection of individuals). As a legal entity, the CIC can enter into contracts and acquire/manage assets in a way that HTHAS cannot.
We believe that the CIC could be a useful vehicle for engaging with developers on a more-equal footing than as HTHAS.
The Hornsey Town Hall Community Interest Company was set up by the founder members of Hornsey Town Appreciation Society as a vehicle to provide options for long-term governance, administration and ownership for HTH. Community Interest Companies are a well-established mode of governance for community and heritage assets.
On 22nd September 2015, we applied as HTHCIC to join the schedule of interested parties to discuss possible schemes for running the Town Hall in conjunction with developers. The full details of our pitch, can be read here.
Our objectives in the current OJEU procurement process are:
1. To act as community champions, an umbrella association through which the aspirations of our many local arts and community groups, and the current tenants of the building, can be met.
2. To promote a model of ownership and governance consistent with the requirements of stakeholders – developers, leaseholders, the community, London Borough of Haringey and Hornsey Town Hall Creative Trust, and Historic England.
The HTHCIC Community Interest Statement reads:
“The company will operate in the interest of the community of Crouch End – and the surrounding area – by working to secure Hornsey Town Hall as a community asset, to ensure it is owned and operated in the best interest of the community, and continues to provide the community benefit it currently does.”
It will ensure:
• An accepted legal framework for governance
• A successful project for renovation and refurbishment of the building
• The support of the local community
• Funding through philanthropic partners and heritage funding bodies
• Assured long-term development and maintenance agreements
• Effective management of private, public and voluntary sector leaseholders and partners
• Knowledge of local cultural and business enterprises, their aspirations and strengths
• Long-term flexible and profitable utilisation of the spaces throughout the building