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WHO ARE DERBY UNCOVERED CIC?

Derby Uncovered CIC are a community interest company who have been set up with the specific intent of revitalising city centre properties - particularly those in the Cathedral Quarter - for the benefit of the community.

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WHAT IS A COMMUNITY INTEREST COMPANY (CIC)?

A CIC is a special type of limited company which exists to benefit the community rather than private shareholders. All CIC's are asset locked - this means that the company’s assets will only be used for its community objectives. In addition to this dividend payments are capped limiting the amount of money it can pay its shareholders.

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WHAT IS THE CIC'S RELATIONSHIP WITH DERBY UNCOVERED?

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Derby Uncovered CIC has been founded by the same team of people who run the Derby Uncovered Newspaper, Artisans Uncovered and the Derby Uncovered Walks and Events. We are a small and passionate team who take great pride in our city and we want to play a full and active part in revitalising the parts of it that require it. Derby Uncovered CIC - though it shares very similar branding to Derby Uncovered - is an entirely separate legal entity that has been set up as a fully regulated company that is eligible to apply for, and can receive, grant funding to enable us to do this.

 

WHERE WILL YOU GET YOUR FUNDING FROM?

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Our intention is to raise funding from a mixture of applications to bodies such as the Heritage Lottery Fund and the Community Ownership fund as well as from private and social investors and sponsors. We will also soon be launching a crowdfunder and any support you can give us with that would be massively appreciated.

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HAVE YOU BEGAN TO APPLY FOR FUNDS ALREADY?

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Yes. We very recently passed the Expression of Interest stage of the Community Ownership Fund. This means we can now apply for funding of £250,000 in the Winter 2023 application round.

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HOW CAN I HELP?

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There's a lot of ways you can help. Though our intent is to source funding, often that funding requires that we raise a certain amount ourselves, so we will be needing volunteers with spare time to help us fundraise. Our contribution to fundraising can also be "in-kind" as well. This means that if any local businesses or tradespeople provide their time to us free of charge that may count as donated funds, so if you feel you can help that way then we'd be very grateful.

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WHAT SORT OF PEOPLE ARE YOU LOOKING FOR TO GET INVOLVED?

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Quite simply we're looking for positive-minded people. Derby has both a wonderful history and heritage and a great deal of things that we can be proud of. Let's take that pride and use it as a driving force to make positive changes towards our future.

 

ARE YOU ALREADY LOOKING AT PROPERTIES WITHIN THE AREA?

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Yes we are. We are in negotiations already in an attempt to secure a Cathedral Quarter property on a short-term basis to enable us to move forward with our projects and are also looking at other properties in the area. We are confident that there are various options or suitable locations within the area for everything we want to achieve and with your support we can aim big.​

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HOW DOES THE SNAPSHOT PROJECT TIE IN WITH ALL OF THIS? 

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Snapshots is a historical project that is centred around the Cathedral Quarter in Derby. It is an area steeped in history and an understanding of that history can empower people to work towards a community-led vision for properties in that area. As somebody much wiser than us - Confucius - once said, “Study the past if you would define the future.”

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For further information download our 2023/24 Prospectus:

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