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Development Trusts
The term Development Trust does not refer to a specific legal structure. It can be applied to any group or organisation which:-
- is owned and managed by the local community
- has social aims relating to improving the economy, environment and culture of a community
- generates its own income through enterprise and the ownership of assets.
- re-invests any profits or trading surplus back into running the organisation or benefiting the community.
- works in partnership with other organisations (private, public and third sector)
These groups may be incorporated as a company limited by guarantee, a community interest company or an industrial and provident society and some will have charitable status.
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Last Updated 17/10/2011 10:55
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