Bridport Cohousing

Withdrawable Shares

28% raised
4%

Forecast
return

Investors
37
Days left
71
Raised so far
£107,450

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

Homes for all

Target
£382,000
Min raise
£136,000
Offer opened
09/07/2021
Closing date
08/10/2021
cycling race illustration

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.

Team Member Name 7

Team Member Position 7

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 7

Team Member Name 8

Team Member Position 8

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 8

Team Member Name 9

Team Member Position 9

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 9

Team Member Name 10

Team Member Position 10

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 10

Team Member Name 11

Team Member Position 11

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 11

Team Member Name 12

Team Member Position 12

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 12

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.

Interested in affordable housing investments?

Get notified via email when new investments go live

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.

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.