Originally an Industrial and Provident Society, ART SHARE (Social Help Association for Reinvesting in Enterprise) Limited (ART) became a Community Benefit Society under the Cooperative and Community Benefit Societies Act 2014. This means that it is required to act for the benefit of its community – businesses unable to access the finance they need from the banks.
Aston Reinvestment Guarantee Company Limited is a separate legal entity to ART. It is a Company Limited by Guarantee (number 2422872). It can provide guarantees in favour of ART for loans made to ART and holds certain funds in reserve as provision for bad debts incurred in ART’s lending book. It has predominantly been funded by way of donations and currently holds a reserve of around £220,000. It is a wholly owned subsidiary of ART.