|Investing in||Care Provision|
|Offer opens||12th June 2019|
|Offer closed||14th August 2019|
|Offer price, per share||£1|
|Minimum investment amount||£100|
|Maximum investment amount||£30,000|
|Min. raise for offer to proceed||£100,000|
|Location of project(s)||UK|
Equal Care Co-op are planning to pay investors 3% per year from the third year after investment, and enabling people to start withdrawing their investment after 4 years, making 20% of total capital available in any year after year 3.
This share offer is EIS eligible, giving a 30% tax relief on monies invested.
The SEIS limit of £150,000 has now been reached. EIS is still available.
The share offer will fund the development and support of two 'Support Circles' - one in Hebden Bridge and the other in Blackshaw Head. Each 'Support Circle' will train new leaders and carers to deliver support to people in need of care in each area.
Equal Care Co-op has secured commitments from an emerging platform co-operative fund, which is being provided by Open Society Foundations and invested by Co-operatives UK. Up to £73,870 is available to match applications for shares from the public. This means that for every pound invested by individuals up to £73,870, another pound will be invested in shares through this Fund.
Co-ops UK cannot hold more than 50% of the share capital in Equal Care Coop, so investment from this fund may be restricted to meet this condition, should the need arise.
Equal Care Co-op has also secured commitments from the Booster Programme which is funded by Power to Change but in which the shares are also 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.
This funding will be triggered after the investment from the Platform Co-operative Fund has been committed. In effect, once Equal Care Co-op’s investment reaches £73,870.00 from individual investors, every pound invested by individuals over and above this amount will be matched by the Booster Programme up to a further £100,000.
Co-ops UK cannot hold more than 50% of the share capital in Equal Care Co-op, so investment from this fund may be restricted to meet this condition, should the need arise.
Learn more about key aspects of this share 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 shares the whole text of the accompanying share offer document and business plan 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 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.
As of 14th August 2019 this offer is closed
The Ethex team are here to help from 9am to 5pm
01865 403 304