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Greater Change
Ordinary Shares
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.
- Where your money goes
- Team
- Documents
- Updates
Updates
Extension to the closing date of the share offer
31st December 2021
Ending Homelessness For Good Webinar available to watch
14th December 2021
We recently hosted a webinar with Greater Change, Aspire Oxford and Homeless Link to look at the whole picture of what’s needed to move people out of homelessness permanently and give them the opportunity to move on with their lives, to the benefit of society. To achieve this goal, we need to look to a range of organisations, charities and local government bodies, all working in partnership.
Greater Change webinar now available!
6th December 2021
Do you want to learn more about this organisation? Watch a recording of our Cuppa Club webinar where we chatted with Co-Founder, Jonathan Tan about the incredible impact the organisation has already had, how their platform works and why they are raising finance to enable them to help thousands of people to leave homelessness behind in the coming years.
Click here to watch our webinar recording with Greater Change.
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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