The Founding Members of CCIS are committed to seeing something put back into mining communities which have had much taken out of them in recent years. CCIS was registered in 2014 as a Community Benefit Society (“Bencom”) with the aim of supporting the economic and social regeneration of coal mining communities
We believe the best way to do this is to invest funds raised through share issues into co-operatively owned businesses, providing high-quality, sustainable jobs, where the bulk of the profits stay with the workforce and the local community.
The return on investment will allow CCIS to deliver an attractive return to investors through the payment of interest on those shares, and to look at other investment opportunities which meet the objectives of the Society.
CCIS objectives are:
- To use share capital to invest in co-operatively owned enterprises in UK coalfields, with a specific focus on those connected with the coal mining industry.
- To enable the creation of new, high quality, sustainable jobs in coalfield areas.
- To encourage the development of other co-operatively owned businesses in coalfield areas by the future careful investment of profits generated by co-operative coal mining.
The founding members/directors
CCIS Founding Members who will serve as the initial Directors are Toby White, Darron Dixon-Hardy and Pippa White. Toby is one of the ten founder members of the New Crofton Co-op Colliery and a Project Manager in the Geology Department at the University of Leicester, although he lives in West Yorkshire. Darron is a Senior Lecturer at the University of Leeds and is a Fellow of the Institute of Materials, Minerals and Mining, as well as being a Council Member of the Midland Institute of Mining Engineers since 2003, serving as President in 2006-7. Pippa White is married to Toby and has worked in the banking and education sectors. All are committed to the development of co-operatively owned enterprises in the UK, with a particular focus on coalfield communities. Further Directors, appointed by the members, will be added to the Board in due course.
What we are
A Bencom is a legal entity which trades for the benefit of the wider community and is regulated directly by the Financial Conduct Authority. CCIS is democratically owned and controlled by its members who are compensated for their investment by paying reasonable interest on their share capital, whilst the majority of any profit generated is reinvested into the Society’s activities. The Directors run the Society on a day to day basis and are held accountable by the members at general meetings. There is normally one general meeting a year, though special meetings may be convened if enough members wish. At a general meeting each member has one vote, regardless of the number of shares they hold.
All members must be shareholders and all shareholders must be members. If you wish to purchase shares in CCIS and become a member, then you should be familiar with the Rules of the Society (available here) so that you understand the terms of your membership and the Objects of the Society.
Please note that throughout this website the terms “CCIS” and “the Society” are used interchangeably.