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THE Newlyn Fishing Community Interest Company
(NFCIC) is a social enterprise with a primary objective to reinvest all
surpluses in the business or the community.
The
NFCIC shares would be divided into three sectors including the
fishermen, processors and the community. This means no one group would
be able to become a majority shareholder and all the profits would have
to be paid back to the fishing community in Newlyn.
The
company's main aim would be to "unite the local fishing industry and
the wider community with the marine environment that surrounds them in
order to provide the opportunities that will allow a fair financial
return to be gained from fishing while safeguarding the ocean habitat".
One
of the proposers, Nick Howell, said: "The proposal is one which
combines the skills, experience and assets of the port into one vehicle.
"It
is about being inclusive, balancing technology with experience, moral
sustenance with financial gain and a community with its environment."
article copyright THE CORNISHMAN
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