Glencoe (Scotland), UK – After struggling in recent years with declining business and declining revenue, Glencoe Mountain Resort in the Scottish Highlands has reorganized as a Community Interest Company (CIC).n”The aim is to develop a ski center which is run by the community for the community,” Glencoe officials said last week in a prepared statement. “Profits generated within the CIC will be re-invested within the center and the surrounding area to improve the experience of all visitors to the area.”

Glencoe officials reported only 26,135 skier visits in 2009-10 even though last winter was the busiest year for skiing in Scotland in the past 14. The management at Glencoe Mountain Resort hope that the new CIC status will open doors to additional funding so that they can upgrade facilities at the ski area.

Glencoe Mountain is the country’s oldest ski resort established back in 1956. Its facilities include the steepest black run in the U.K. but it has suffered from a severe lack of investment over recent years, with much of its infrastructure very near the end of its life span.

The official purpose of the CIC is to actively develop Glencoe’s outdoor facilities and to promote Glencoe, Lochaber and the Highlands of Scotland as the outdoor capital of the U.K., as well as to assist the promotion of economic stability for the local community and to open skiing and other outdoor activities to disabled and underprivileged members of the community. Surplus from the activities of the Community Interest Company will be reinvested within the company and specific bequests made to local causes.

“With funding and the support of the local community the management team are sure that they can turn around the fortunes of the center and develop it into a 21st century tourist attraction that the whole of Scotland will be proud of,” the statement concluded.