Humantics CIC was created by social entrepreneur Dave Cox to take over the Forum Music Centre, which he started to run several years ago using his own capital.
"At the moment, the Forum is breaking even," says Cox. "However, a lot of my own money has been tied up in the creation of the business. My hope is to transfer the assets I own to the CIC, which will then be able to take it forward and look at how to create surpluses.
"I'm in the process of seeking capital for that activity, which is proving hard. I'm keen to hear from lenders who are interested in that proposition."
The centre's existing revenue streams come from music nights, recording facilities and a cafe bar.
Cox says one of the key factors in the success of the centre has been the support of public sector bodies.
"You have to make it clear to people what you can give them," he says. "We tick a lot of boxes for the public sector, and that's helped us secure its backing. But it has been a slow process."
He says both the local authority and the regional development agency have provided support to the centre, but for different reasons.
"The local authority is interested in the education and support of young people," he says. "The RDA is interested because it's creating economic activity in the area. It's been important to bring them on board."