Leicester Red-Thread Limited
Leicester Red-Thread Limited (LRT), was registered as a company limited by guarantee on 9th November 2015. It is a not-for-profit organisation and is structured as a co-operative. It also has trading titles of Leicester Red-Thread Co-operative and Leicester Red-Thread Co-op.
The LRT is undertaking work to develop a new centre, currently referred to with the working title, `Leicester International Workers Centre for Social and Economic Justice`. This Centre will fight for the unemployed and those in-work yet in poverty, or at risk of falling into unemployment and poverty, including the Self-employed and others in precarious employment.
The decision to proceed with Leicester Red-Thread and the Leicester International Workers Centre is built on the support of the Trade Union movement locally and nationally. The TUC through Leicester & District Trades Union Council and County Association (L&DTUC) awarded the Centre project a development grant.
LRT is undertaking social and economic development, project management and trade union supporting activities. These activities are reflected in monthly and annual reports and presentations to L&DTUC and to other Labour and Trade Union movement organisations such as Unite Community and Leicester Social Forum. Detailed research and planning for the new Centre is being undertaken to help ensure the Centres effectiveness and viability. The new Centre will utilise the vast experience of locally, nationally and internationally based Trade Unionists and supporters.
The Constitution for LRT has been developed from a model provided by the Leicester Co-operative and Social Enterprise Development Agency. This has been amended to include the Objects and Membership criteria that is particularly Trade Union focused. Powers include borrowing.
The first Bank Account is with Unity Trust Bank, the trade union bank. The first funds towards the LRT are from the Trade Union movement and contract contracted development work.
The name Red-Thread is multifaceted including links to Asian storytelling. It primarily seeks to unite trades unions and their members behind a new Centre, a trade union, community education and resource centre. The General Federation of Trade Unions (GFTU) has supported the development with donations made to L&DTUC through the `Phone Co-operative` towards the new centre in Leicester.