Key facts
| Offer status | OPEN |
| Product | Withdrawable Shares |
| Investing in | Community Led Housing |
| Offer opened | 6th September 2019 |
| Offer closes | 1st December 2019 |
| Location of project(s) | York |
| Offer price, per share | £50 |
| Minimum investment amount | £250 |
| Maximum investment amount | £47,500 |
| Min. raise for offer to proceed | £365,000 |
| Optimum raise | £475,000 |
| Maximum raise | £500,000 |
Financial performance
YorSpace expects to pay 2.5% interest into each individual investor's personal 'share account'. Interest will accrue from December 2021 onwards and can be withdrawn from December 2022.
Social performance
YorSpace is pioneering a revolutionary new approach to housing development. This approach involves combining community share investment with mutual property ownership, to provide a type of home ownership that is affordable in perpetuity.
Business profile
Aims, social and financial performance, and how it's run
Offer document
The information on this website is only a summary of the offer document.
Before applying for shares the whole text of the accompanying share offer document and business plan should be read.
YorSpace Business Plan
Lowfield Green MHOS Business Plan
Nomination Form
Use this form if you wish to:
- Hold shares on behalf of a child under 16, and/or
- Nominate someone to whom you wish your shares to be transferred in the event of your death.
Booster Programme Investment
YorSpace has secured commitments from the Booster Programme which is funded by Power to Change but in which the shares are help by Co-operatives UK. Under this programme up to £100,000 is available to match applications for shares from the public. This means that for every pound invested by individuals up to £100,000, another pound will be invested in shares by the Booster Programme.
IMPORTANT INFORMATION FOR PROSPECTIVE INVESTORS
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 shares and other securities.
Prospective investors should be aware that the value of the shares, 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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