When you join the Fund your contributions are held collectively on the basis of that The Fund is an independent, permanent, indivisible, commonly owned fund accumulated from the voluntary levies, subscriptions and donations paid in by its corporate and individual members.
The Fund is dedicated to the benefit of present and future workers' co-operatives and the worker co-operative sector by supporting worker co-operative education and training, identifying and spreading best practice in worker co-operation and bringing worker co-operators together with the aim of guaranteeing the continuity of worker cooperative culture and organisation. Your subscriptions are donated for this pupose and will never be returned.
The Fund is currently an unincorporated collective.
The Fund's assets are held and managed by Industrial Common Ownership Finance Ltd (ICOF). It is co-mingled with their other funds and are not protected by either the Financial Services Compensation Scheme or the FCA Client Money Rules. If ICOF became insolvent the Fund would rank only as a general unsecured creditor.