Case study

Culture and Sport Glasgow Trading

A thriving council trading arm designed to fund and deliver cultural and leisure services.

Culture and Sport Glasgow Trading CIC

In 2007 Glasgow City Council created a charitable trust 바카라 사이트 Culture and Sport Glasgow 바카라 사이트 to look after all of the city바카라 사이트s museums, galleries and leisure services.

Glasgow Life (a trading name created after a rebranding exercise in 2010) currently runs over 140 venues across the city including world class facilities such as Kelvingrove Art Gallery and Museum, The Burrell Collection, The Mitchell Library (the largest public reference library in Europe), Scotstoun Stadium and Leisure Centre, Glasgow Royal Concert Hall and the newly opened Riverside Museum, created by world renowned Architect Zaha Hadid.

In 2007 a linked trading company called Culture and Sport Glasgow Trading CIC was also established. The CIC trading arm oversees the management and development of commercial activities that Culture and Sport Glasgow cannot undertake as a charity. The creation of these two new bodies has allowed services to be delivered more efficiently, with savings over the four years now reaching more than £35m.

바카라 사이트The creation of Culture and Sport Glasgow has allowed us to continue to deliver key services to the people of Glasgow and to our visitors at a time of significant financial pressures for the entire public sector, 바카라 사이트 says Director of Finance, Martin Booth. 바카라 사이트Being an independent charity has allowed us to do things differently and to be more innovative than ever before.바카라 사이트

The CIC trading arm oversees the management and development of commercial activities that Culture and Sport Glasgow cannot undertake as a charity. The CIC creates income through three main areas: retail in museums, daytime catering in Culture and Sport Glasgow venues, and venue hire. This income is gift aided to Culture and Sport Glasgow to help it carry out its work.

바카라 사이트The CIC structure is ideal for us,바카라 사이트 says Martin Booth. 바카라 사이트It바카라 사이트s designed to create benefits for the community rather than company owners, and the asset lock enshrines that. Our profits can바카라 사이트t be used for any personal gain, but can be transferred to another organisation which, in this case, is our linked charity, Culture and Sport Glasgow.바카라 사이트

Since its establishment, Culture and Sport Glasgow Trading CIC has gift aided more than £3m to the charity with profits available to be gift aided increasing every year. In 2014, Glasgow will be hosting the Commonwealth Games 바카라 사이트 an opportunity to show off what Culture and Sport Glasgow has achieved.

바카라 사이트It바카라 사이트s an exciting time for Glasgow바카라 사이트s regeneration,바카라 사이트 says Martin Booth, 바카라 사이트and as the Charity and its associated CIC continue to grow we are delivering real benefits for the city of Glasgow.바카라 사이트

Name Culture and Sport Glasgow Trading
Location Glasgow, Scotland
Company structure CIC limited by shares
Founded 2007
Community interest statement The trading arm of Culture and Sport Glasgow, which provides cultural and leisure services to the city of Glasgow.

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Published 12 November 2013