SMiSA Statement on 10000 Hours CIC

Following the meeting at St. Mirren Park on Thursday 1st December SMiSA would like to clarify our current position in relation to the proposed Community Interest Company purchase of the consortium's shareholding. While the headlines of the deal appear to be similar the structure of the proposal is clearly different. Our support in principal remains, however it should be noted that although a mandate for conditional contribution of SMiSA funds was established no firm proposal was ever developed.

We are in discussions with 10000 Hours and seeking clarity on the current proposal in particular the Business Plan, Constitution and specific confirmation that the major elements of the funding arrangements are absolutely in place. Newsletters have been posted out to members however in the meantime any member wishing to discuss the above should feel free to contact us.