VECTIS Radio has announced it is becoming a community interest company (CIC).
CICs were created by the government in 2005 for social enterprises that wanted to use their profits for the public good.
Founder and director Ian Mac said: “It’s a complicated process but the result is simple — it means we can help a lot more people.”
Vectis Radio was conceived from the outset as a not-for-profit organisation that would serve the community.
Fellow director Kelvin Currie said: “The transition to CIC gives Vectis legal status as a non-profit company and also eases the way for applying for funding from external bodies, with the assurance any income will be used solely to further the station in its work within the community.”
Since its foundation in 2010, Vectis Radio has launched the 4Ps Project, which aims to help young people develop their confidence and communication skills.