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Equal Care Co-op - OFFER CLOSED

Equal Care Co-op Withdrawable shares

£100 minimum

Key facts

Offer status CLOSED
Product Withdrawable Shares
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
Maximum raise £500,000
Location of project(s) UK

Financial performance

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.

Social performance

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.

  

Platform Co-op Fund Investment
 

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.

Booster Programme Investment
 

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.

Share offer

Learn more about key aspects of this share offer

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.

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.

Offer Closed

 As of 14th August 2019 this offer is closed

Read more

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