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Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

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Bridport Cohousing

Withdrawable Shares

Match funded
95% raised
4%

Forecast
return

Investors
123
Hours left
0
Raised so far
£363,825

Bridport Cohousing are pioneering cohousing as a means of enabling affordable and sustainable community living for local people.

Match funded
Homes for all
Min investment: £500
Target
£382,000
Min raise
£136,000
Offer opened
09/07/2021
Closing date
25/11/2021

Match Funded

Win Win

This investment is match funded with an investment of £30,000 from the Peoples’ Postcode Lottery.

  • Where your money goes
  • Team
  • Documents
  • Updates
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Updates

Share Offer extended to raise towards maximum target.

8th October 2021

We are pleased to announce that Bridport Cohousing have successfully raised over £388,000 from 128 investors and we would like to thank you all for your support and continued interest in Bridport Cohousing.

In accordance with the Offer Document, the Board have made the decision to extend the offer until the 3rd December 2021 to allow time to raise further funds towards our Maximum target, and to hold further public events in the Bridport area to promote the scheme locally.

The full investor update regarding the share offer extension can be found under the Documents tab.

Bridport Cohousing passes minimum raise amount

9th August 2021

Fantastic news for Bridport Cohousing as they pass their minimum raise amount on their community share offer on Ethex!
As of today (9th August), their investment total stands at £149, 950, passing the minimum raise amount for the offer to proceed. The offer is open until 8th October, so there is still time to invest in this groundbreaking organisation that is pioneering cohousing as a means of enabling affordable and sustainable community living for local people.

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Bridport Cohousing
Society no. 31565R
Bridport, UK
Incorporation date: 23 March 2012

Your money will…

  • Help to create a supportive cohousing community that encourages sharing and social interaction between members.

  • Tackle climate change by promoting sustainable living through a housing community that is committed to eco friendly practices.

  • Champion affordable housing for people of all ages and life stages, offering high quality, energy efficient homes and shared spaces.

  • Earn a potential return. Investments in the share offer target an annual return of 4% and give you membership of the Community Land Trust.

The bigger picture

Bridport Cohousing have been working for more than 11 years to create a cohousing model in Dorset that offers an alternative, socially connected way of life where neighbours support and share with one another. Here's how:

  • Providing permanently affordable rental and ownership options for beautiful homes and shared spaces that benefit the wider community.
  • Pioneering sustainable living and energy solutions that aim to reduce the community's carbon footprint by 40% within 5 years.
  • Creating a culture of sharing and connection within the community by offering common spaces, facilities and activities including classes, community food growing areas, a car club and meals.
  • Showcasing the benefits of a different model of affordable and sustainable cohousing that can be replicated in other areas of the UK.


Where your money goes

It’s your money so it follows that you want to know where it goes and what kind of impact you’re making. Your investment in Bridport Cohousing will:

  • Help Bridport Cohousing to fund the construction of the Common House and two guest bedrooms, providing a hub for the residents and wider community.
  • Provide shared spaces and facilities for residents of the 53 homes designed to suit people of all ages from all walks of life.
  • Allow Bridport Cohousing to repay earlier supporters who loaned the money to purchase the land.
  • Support the success of this innovative development that provides a solution to the affordable housing problem and promotes carbon-neutral community living.

Team

Bridport Cohousing  have been working for more than 11 years to create a cohousing model in Dorset.
https://bridportcohousing.org.uk

Judith Griffies

Chair

Judith is an experienced leader, organiser and administrator, has recently retired from teaching and currently works part time in care and hospitality. Her previous employment has been in counselling, training, social and community work. For 7 years Judith was a director of a local rural CLT which built 8 affordable homes.

Vince O’Farrell

Treasurer

Vince lives in Bridport and is Treasurer of Bridport Cohousing Limited and a founding board member of Symene CLT Limited, another local community-led affordable housing project which was completed in 2015. He was previously a software developer, project manager and primary school teacher. He is also Secretary or Treasurer of a number of other volunteer-led organisations and charities in Bridport.

Emily Richmond

Director

Emily works as a Family Liaison Officer in a local school for children with SEND (Special Educational Needs and Disability). She is a parent carer with a background in mental health and a trained counsellor, she is invested in the linkage between secure housing, healthy community and well-being.

Julian Jones

Director

Julian is a retired civil servant and local government officer and has spent three years seconded to the Royal Commission on Environmental Pollution working on the landmark Transport and the Environment report. He has held the position of Treasurer in three organisations previously, including Bridport Cohousing Limited.

Phyllida Culpin

Non executive Director

Phyllida has a background in social housing, in particular regeneration, community development and social inclusion. She is currently a Non-Executive Director for Magna Housing and an independent member for Catalyst Housing. She holds other roles for housing related organisations in the area.

Monica King

Company Secretary

Monica is a retired Higher Education Administrator and has developed organisational skills in various roles, managing teams and HR processes within large and small organisations.

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Interest accrual and payment

The society aims to pay interest at a rate not exceeding 4% per annum on shares held. Your investment will earn 4% interest from the time in mid-2022 when the eco-homes are occupied. Interest earned during a previous year will be paid annually on 31 March with the first payment on 31 March 2023. So, for example, an investment of £1,000 can be expected to earn £40 for each year the shares continue to be held.

Getting your money out

Bridport Cohousing is offering community shares which are "withdrawable" shares. You can apply to withdraw your capital from April 2023. These shares cannot be bought or sold on any market place and are not transferable. Although shares in Bridport Cohousing are withdrawable, this is at the discretion of the directors, and you may not be able to withdraw the full amount you purchased.

Investing on behalf of children

This offer is eligible for investment on behalf of children.

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Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.

Risk Warning

Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.