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

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

ICOF Community Capital

Stronger Communities - Community Shares

0% raised
3%

Forecast
return

Investors
0
Days left
94
Raised so far
£0

ICOF Community Capital (ICC) is a revolving loan fund that empowers co-operatives and community businesses helping to protect vital local assets and deliver long-term social value across the UK. This share offer benefits from CITR, enabling eligible investors to claim 25% income tax relief over five years, significantly enhancing the overall value of investments.

CITR
Strong communities

Target
£500,000
Min raise
£250,000
Offer opened
23/02/2026
Closing date
31/05/2026
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ICOF Community Capital
Society no. 27915R
Bristol, UK
Incorporation date: 14 January 1994

Your money will

  • Strengthen local communities and make them more resilient by channeling vital impact capital into grassroots community regeneration

  • Support positive climate action by providing growth capital to projects delivering renewable energy, sustainable farming and low‑carbon business operations

  • Put democratic ownership back into the hands of local people and help prevent the loss of the assets and spaces that they need most

  • Target a financial return up to 3% annual interest paid in additional shares and 5% annual tax relief over 5 years under CITR: Combined targeted return of up to 8% per annum

The bigger picture

Across the UK, communities are watching the places that once brought people together disappear: the last pub in the village, the post office on the high street and the youth club keeping young people connected. When these assets go, they rarely come back. ICC exists to stop that loss by supporting and financing models of democratic ownership. Managed by Co-operative and Community Finance (with 50+ years’ experience), ICC has: 

  • provided catalytic support for local enterprise, social infrastructure, and community wellbeing since 1994
  • provided loans of more than £4.3 million
  • made 100 loans to 85 co-operatives and community businesses
  • a great track record with no lending losses reported in its most recent year of audited accounts (2023)
  • created an efficient revolving model that amplifies investor capital and long-term impact

  • This share offer allows investors to invest in a fund that bridges the finance gap enabling co-operatives and community businesses to survive, grow and thrive. 

    This share offer qualifies for Community Investment Tax Relief (CITR), a UK Government incentive designed to encourage investment into community finance organisations.

    Eligible investors can claim 25% of the amount invested back as income tax relief, spread evenly over five years (5% per year). So, for every £10,000 invested, an investor may receive £2,500 in income tax relief over the term, significantly enhancing the overall after-tax return profile.

    This tax relief sits alongside the 3% interest (paid in shares) and the opportunity to support vital co-operatives and community businesses across the UK.

    For income tax payers seeking both impact and tax efficiency, CITR strengthens the attractiveness of investing in this community share offer.

Where your money goes

Your investment in ICC will:

  • Increase ICC’s lending capacity by 60% within two years, with loan capital being recycled time and again.
  • Help acquire, save and redevelop pubs, shops, community hubs, heritage buildings and other local infrastructure that might otherwise be lost to private redevelopment.  
  • Support jobs, social inclusion, and services such as youth provision and refuges, as well as carbon reduction. 
  • Champion a model of democratic ownership, creating a system that keeps wealth and opportunity rooted in local economies. 

Team

ICOF Community Capital (ICC) is a revolving loan fund that empowers co-operatives and community businesses helping to protect vital local assets and deliver long-term social value across the UK.

Alain Demontoux

Operations and FCA Compliance Manager

Alain has been co-ordinating the
head office for almost 20 years
overseeing the administration of the
lending, accounts, back-office and
fund management functions and
FCA compliance. Responsibilities also
include shareholder liaison and the
company secretariat. He has been
involved in the co-operative sector
for over 35 years, previously heading
up finance at Essential Trading
Co-operative, one of the largest
independent distributors of natural
and organic products in the UK.

Anne Wilks

Transactional Services Manager (Finance & Loan Portfolio)

Anne has been with Co-operative &
Community Finance since October
2012. She first joined as Financial Coordinator
and was promoted in 2018.
As well as looking after the day-today
banking, treasury, general ledger
and payroll, Anne also manages all
tasks related to Loan Portfolios (CCF
& Back Office Clients) which includes
legal documentation, disbursements,
collections, monitoring, and
reporting.

Kevin Lloyd-Evans

Lending and Relationship Manager

Kevin has been with Co-operative &
Community Finance since January
2022. He is responsible for lending
across the UK to the co-operative
and social enterprise sectors and
for the maintenance of the lending
portfolios. Kevin’s responsibilities
include the assessment and
management of financial risk and
the development of new lending
strategies.

Tim Coomer

Business Development Manager

Tim started with Co-operative &
Community Finance in January
2016 having previously worked
as a project manager and social
enterprise adviser. He is responsible
for promoting and raising the
profile of the organisation, building
partnerships and the development of
finance packages with like-minded
organisations that help to deliver
social, environmental or community
benefit.

Sian Herschel

Director

Fifteen years of professional experience in grant making and investing for organisations such as Fairtrade, Comic Relief, Power to Change and the Churchill Fellowship.
Areas of expertise include social enterprise, ethical trade, strategy development and impact measurement.
Sian has lived and worked in the USA, Peru, South Africa, India and Germany as well as the UK.
MBA from the University of Cambridge and executive coaching accreditation from Henley Business School.

Craig Ellin

Director

Craig has over 20 years' experience in central government property, including 8 with the DfE as 
Operational Sustainability Manager (Achieving Best in Government, 2010, for in-year carbon reduction) and then Finance Manager covering project management, benefits realisation, sustainability, finance business partner (property) and FM & Energy contracts management. At LocatED he is part of the net zero accelerator programme looking to help all schools decarbonise and achieve Net Zero by 2050. B.A (Hons) in Economics and Law from Birmingham City University, ISO14001 Lead Auditor and achieved Carbon Trust Gold Standard for the DfE Environmental Monitoring System (EMS)

Marino Charalambous

Director

Oversees five schools in North London at the North Star Community Trust, all of which have solar panels managed by Solar for Schools.
Introduced sustainability as part of the Trust curriculum in 2016 and has developed a Trust wide learning culture with the future in mind. Previous experience in finance and project management at HSBC and Siemens Financial Services as well 15 years at Managing Director level experience in digital marketing consultancies and other businesses.
B.Hons Business and Marketing Member of the Chartered Institute of Marketing.
NPQ in Executive Leadership (University College London)

Nathan Odom

Director

More than 13 years’ experience in the education sector, 10 of which have been with a large local authority working with its schools and academies.
A project manager delivering various capital build projects and expansion plans for schools across Leicestershire.
Currently, the strategic lead for DSAT’s capital strategy for school site improvements with a focus on improving the physical learning environment to support the delivery of high-quality education, ensuring school sites are safe and compliant.

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Interest accrual and payment

Interest is expected to accrue from the 1 June 2026. The interest is NOT paid in cash and will be credited to members' share accounts. 

Getting your money out

Shares raised through this offer on which CITR is claimed are not withdrawable at any stage during the first five years. Investors may request to withdraw their shares after five years subject to approval.

Investing on behalf of children

Applicants must be 18 years old or more. Investments cannot be made on behalf of children.

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