This Ethex product benefits from match funding for local investors. For every £50 invested by people and organisations with an MK or HP postcode, Social and Sustainable Capital (a social investment fund) and Power to Change (a charitable trust set by Big Lottery Fund) will also invest £50, up to a total of £75,000.
|Offer price, per bond||£50|
|Minimum investment amount||£250|
|Min. raise for offer to proceed||£100,000|
|Product location||Gawcott, Buckinghamshire|
|Offer opened||8th June 2016|
|Offer closes (extended)||30th April 2017|
|See latest update for more information|
The Directors expect that over 20 years the average interest rate will be 6%, though interest rate may vary to some degree year-on-year to allow for variation in performance and availability of funds. If performance in one year does not allow for payment of 6% interest, the Bond’s “roll-over” mechanism allows for higher interest payments in subsequent years.
It is expected that the Community Surplus will be around £20,000 per year for the first 15 years rising to £50,000 per year for years 16 – 20 (after the bank loan has been paid off) - a total of around £2 million over the 30 year life of the project.
Learn more about key aspects of this bond offer
Aims, social and financial performance, and how it's run
The information on this website is only a summary of the offer document.
Before applying for bonds the whole text of the accompanying bond offer document should be read.
If you are in any doubt about the information on this website, the content of the accompanying prospectus or the action you should take, you should immediately consult a person authorised for the purposes of the Financial Services and Markets Act 2000, who specialises in advising on investment in bonds and other securities.
Prospective investors should be aware that the value of the bonds, which will not be quoted, cannot go up, but can go down. In addition, there is no certainty that investors will get back the full amount they invest.
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