Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

East Marsh Community

Withdrawable Shares

100% raised
4%

Forecast
return

Investors
162
Hours left
0
Raised so far
£500,118

East Marsh Community’s (EMC) vision is to build a community, in one of England’s most deprived areas, by bringing empty homes back into use as quality, affordable community-owned housing.

Match funded
Homes for all

Target
£500,000
Min raise
£250,000
Offer opened
09/03/2022
Closing date
01/07/2022

Match Funded

Win Win!

This investment is match funded with an investment of £25,000 from Co-ops UK and £25,000 from the Peoples’ Postcode Lottery

East Marsh Community Ltd
Society no. 8310
Grimsby, UK
Incorporation date: 04 February 2020

Your money will…

  • Improve the quality of life for people and families in the East Marsh area of Grimsby, helping solve the community’s housing challenges.

  • Regenerate the community by transforming empty properties, in one of England’s most deprived wards, into comfortable and affordable homes.

  • Help create an inclusive society and a strong, diverse, and resilient community for the residents of the East Marsh.

  • Earn a potential return. EMC are offering a target annual return of 4% on investments in the share offer which will be paid in shares unless you opt to receive a cash payment into your bank account.

The bigger picture

Grimsby’s East Marsh is one of the most deprived wards in England with high poverty rates, and low levels of education and employment. Multiple properties in the area have become run-down and derelict. A group of residents decided to act and created East Marsh United, an organisation dedicated to regenerating the area through multiple community initiatives. From this, East Marsh Community was created to convert derelict properties into decent, affordable homes for local people.

    EMC is dedicated to setting a high standard for housing in the area by being a caring and ethical landlord, providing the best example for a community housing revolution. They have already purchased and renovated three properties in the area which have been let to local families. To continue to meet demand, EMC have launched a share offer to buy and refurbish more properties for local families. This is just the start; EMC eventually want to provide 100 high quality, affordable community-owned properties in East Marsh.

Where your money goes

It’s your money so it follows that you want to know where it goes and what kind of impact you’re making. East Marsh Community will use your investments to:

  • Help fund the purchase and transformation of a further 10 empty properties, into high quality and affordable family homes.
  • Enable local families to live in proper homes, with an ethical community landlord that cares for and respects them.
  • Continue their model of housing regeneration in this deprived community, restoring local pride and a sense of community.
  • Create local employment opportunities and fund additional community initiatives.

Team

East Marsh Community’s (EMC) vision is to build a community, in one of England’s most deprived areas, by bringing empty homes back into use as quality, affordable community-owned housing.
https://eastmarshunited.org/

Dr. Billy Dasein

Director

Billy has worked in education for much of his adult life, as a lecturer, educational technologist and teacher of English in Oman and Poland. He’s passionately interested in what makes for a good life, how we organise ourselves so that we humans can flourish and live the best lives we can. His doctoral thesis 'Freedom to learn for the 21st century (education as if people mattered)', says just about everything about his being-in-the-world:

Pete Dalton

Director

Peter has been self-employed since he was 17 and is now a director of several companies. Pete was bought up in the West Marsh in Grimsby and remembers the community spirit there; he has in turn been very inspired by the East Marsh United team and their passion for the community.

Mark Hodson

Director

Mark was born on the East Marsh, raised on the Nunsthorpe, and was the beneficiary of a fabulous education and upbringing. He got lucky and found his passion, went to university, learned some stuff, came back home, and started to try and make a difference.

Stuart Jones

Director

Stuart worked in industry for 42 years until he retired early in 2018. His wife is Priest in charge at St John and St Stephens church in the East Marsh of Grimsby; it was a natural progression for him to join the EMU team to work in the area where he spends a lot of time on a voluntary basis. John also volunteers at The We Are ONE Foundation food bank where he is the first line of contact.

Josie Moon

Director

Josie Moon is a writer, community arts development worker and activist based on the East Marsh of Grimsby. Josie works with EMU delivering arts programmes and supporting the development of EMU's social change practice.

Reverend Canon John Ellis

Director

John was born in Dublin on the Emerald Isle and became a Reverend in the Church of Ireland. He ended up in the East Marsh in 1972 and has been working there ever since at The Community of St John, St Stephen & Shalom.

Alan Burley

Director

Alan was born, educated, and brought up in the East Marsh and sees his role with East Marsh United as giving something back to the community that gave him such a great grounding in life. Alan continues to work for and support several local charities and is genuinely excited by his new challenge as part of EMC and EMU.

Lee Coulbeck

Director

Lee was born in Cleethorpes and has lived on the East Marsh for 11 years (since 2010), where he’s been a member of East Marsh United from its inception and stood as an independent candidate for East Marsh in the 2021 North East Lincolnshire local elections. Lee works for a local damp proofing company and is currently studying for a part time BA Open University degree in Politics, Philosophy and Economics.

Cyril Smith

Director

Cyril was born in Louth, Lincolnshire and educated at High Holm Secondary Modern School. He worked in the Corrugated Cardboard Industry for 45 years with Lin-Pac Containers which was then taken over by D. S. Smith, before retiring in 2012 and moving to Grimsby. Cyril went to a community meeting in 2017 and engaged with EMU from its start where he remains a committed volunteer.

Davina (Dee) Symonds

Director

Dee is a single mum of a 13-year-old and a resident of Rutland Street (where EMC’s three initial properties are located). She volunteers at a local food bank and joined East Marsh United to help improve the area where she lives, starting by clearing alleys and street cleaning.

Emma Mendham

Director

Emma is a volunteer at the local food bank – We are ONE Foundation - and is also an event first aider. She’s lived in the East Marsh for just over 2 years now and wants to see a meaningful change in the area and people’s lives.

Team Member Name 12

Team Member Position 12

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Interest accrual and payment

East Marsh Community is targeting a 4% interest rate per annum, with shares accruing interest from 1st November 2023. This interest will be paid in shares unless you opt to receive a cash payment into your bank account.

Getting your money out

East Marsh Community (EMC) is offering community shares which are "withdrawable" shares. These cannot be bought or sold on any market place and are not transferable.

Although shares in EMC are withdrawable, this is at the discretion of the directors, and you may not be able to withdraw the full amount you purchased if EMC does not have sufficient funds available at the time you want to withdraw. There is a non-withdrawal period of 24 months (from the date shares are issued), and the share withdrawal notice period is 3 months.

Investing on behalf of children

This offer is not eligible for investment on behalf of children.

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