Greater Change

Ordinary Shares

28% raised
Investors
32
Days left
28
Raised so far
£112,775

Greater Change have a vision for a future without homelessness. They are building a community of donors who provide direct funds to empower people to leave homelessness behind. Pre-money valuation of £1.6m . 3-10% Forecast return.

EIS
Improving lives
Tech for good

Target
£400,010
Min raise
£200,005
Offer opened
05/11/2021
Closing date
31/12/2021
cycling race illustration

Greater Change CIC
Company no. 11914487
London, UK
Incorporation date: 29 March 2019

Your money will…

  • Help change lives by enabling more donors to provide the financial support needed for people to move on from homelessness.

  • Contribute towards achieving the SDGs by funding an organisation taking practical action to positively change lives and society.

  • Generate substantial savings for the government and taxpayers by supporting thousands of people out of homelessness each year.

  • Earn a potential return. Investments in the Ordinary Shares target a dividend from year four and are eligible for 30% EIS tax relief.

The bigger picture

Greater Change has a vision for a future without homelessness. Between 153,000 and 280,000 people in England are homeless and helping them move on has multiple benefits, not only for those individuals, but for society as a whole. Greater Change is a pioneering organisation that enables individuals to directly fund others to move on from homelessness through financing a specific goal, e.g. a deposit for a home or training opportunities. This is possible through their pioneering platform that lets donors choose and donate directly to an individual cause, giving people the financial support to move on that's not currently available elsewhere.

    They work alongside charity partners who provide non-financial support enabling long-term change for people moving on from homelessness. Their model gives control back to individuals and to date they have successfully supported over 300 people to create a brighter future and they're on track to have helped over 550 by the end of this year.

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. Greater Change will use your investment to;

  • Expand to empower over 34,000 people to take positive steps out of homelessness and build new lives by 2031.
  • Create substantial savings for the government and taxpayers – they have already created over £2.4 million in savings in 20/21 alone.
  • Develop a new way of giving through technology that enables donors to see the direct impact their money is creating.
  • Scale and reach more UK areas, supporting local councils to tackle homelessness.

Team

Greater Change are a ground breaking organisation with the aim of creating a future without homelessness. They are building a community of donors who provide direct funds to empower people to leave homelessness behind.
https://www.greaterchange.co.uk/

Alex McCallion

Co-Founder and Board Member

 

Jonathan Tan

Co-founder and Board Member

 

Narada McKoy

Board Member

 

Justin Duckworth

Board Member

 

Sarah Deakin

Board Member

 

Paul Radziwill

Board Member

 

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Investor returns

Shares target a dividend from year four (please refer to P26 of the pitch deck). Greater Change have received Advance Assurance from HMRC that their shares qualify for EIS tax relief. This means individuals can benefit from 30% income tax relief on the amount invested (subject to your personal tax position). Hopes, aims, targets, projections (including the Financial Projections in this Offer), plans, expectations or intentions contained in this document are no more than that and should not be construed as forecasts.

Getting your money out

This investment is in Ordinary Shares. These shares are transferable meaning it is possible to transfer ownership and the associated rights of the shares to a third party, however there is currently no secondary market provided in these shares and there are no guarantees that a buyer can be found for the price at which you are looking to sell at, or at all. The Board must be notified of, and approve, any decision to transfer ownership of shares and reserve the right to decline any request. An exit cannot be offered on shares within the 3 year holding period for EIS.  Share buy-backs may be introduced but please note that as a CIC Greater Change can only repurchase shares at the price their were issued.

Investing on behalf of children

Applicants must be 18 years old or more. Shares can be bought on behalf of minors, and their details can be entered online at the end of the investment process.

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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.

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.