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Signalise
Withdrawable Shares
109%
raisedForecast
return
Signalise aims to revolutionise the booking of British Sign Language (BSL) interpreters by enabling the development of an innovative online system.
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
Updates
Closing Date of Share Offer extended to 14th June 2021
10th May 2021
A message from Jennifer Smith - Director, Signalise Co-op:
We are thrilled to have raised over £230k so far which is well above our minimum target. Thank you to everyone who has already invested so far.
We’d love to reach the maximum so are extending the offer deadline to Monday 14th June. We want to use this opportunity to reach as many investors as possible and achieve the higher end of our target. The more we can bring in at this stage, the greater the social impact as this will enable us to grow quicker by investing more into the platform and business infrastructure.
Share Offer receives match funding from Postcode Innovation Trust
14th April 2021
We’re pleased to announce that Postcode Innovation Trust, a grant-giving trust funded by players of People’s Postcode Lottery, is deploying £30,000 of match-funding into the Signalise community share offer as part of a larger commitment to Ethex.
From 14th April 2021, every £1 invested into the share offer will be matched by £1 by Postcode Innovation Trust, up to a maximum of £30,000, providing a boost to individual investments and taking the share offer total to around £250,000, just £50,000 short of their target raise.
The investment forms part of a £130,000 tranche of funding from Postcode Innovation Trust into 3 share offers. Laura Chow, Head of Charities at People’s Postcode Lottery, said: “I’m delighted funding raised by players of People’s Postcode Lottery is supporting these three fantastic causes, enabling them to create a positive impact on the lives of the people and the communities they’re supporting.”
Signalise Co-op receives The Community Shares Standard Mark award
1st April 2021
Signalise Co-op are pleased to announce that their share offer document has been awarded The Community Shares Standard Mark.
An update on available tax reliefs
23rd March 2021
As of 23/03/21 we believe that the limit for SEIS tax relief has been reached and therefore any further investments will only qualify for EIS tax relief. Ethex will contact investors at the close of the share offer to confirm the tax reliefs that apply to all investments.
If anyone who has invested prior to 23/03/21 knows that they are ineligible to or does not wish to utilise SEIS relief then please email orders@ethex.org.uk to let us know so that this can be allocated to other investors.
Signalise Co-op
Society no. RS004634
Liverpool, UK
Incorporation date: 3rd October 2019
Your money will…
Help to revolutionise the booking of BSL interpreters by enabling the development of an innovative online system designed by its users to provide a high-quality service.
Give control to Deaf people booking appointments, by ensuring they have confidence in a recognised system that assigns them qualified interpreters.
Enable a radical overhaul of the current system, removing exploitative agencies ensuring BSL interpreters get paid a fair wage for their work.
Target a financial return Investments in Signalise target a return of 5%. The first £136,900 of investment is eligible for SEIS tax relief, with the remainder eligible for EIS tax relief.
The bigger picture
For the 87,000 UK Deaf BSL users, the ability to access services most people take for granted has become a lottery. Medical appointments, meetings, even parents' evenings can be stressful. Signalise is a co-operative formed of Deaf people and sign language interpreters who are developing a reliable online booking platform that will take control from profiting agencies and keep it with the people who benefit from the service by:
- Developing a revolutionary online platform that’s designed by its users - Deaf people and interpreters.
- Creating a cost-effective solution for the public sector and other industries when accessing vital interpreter services.
- Giving Deaf people confidence when making appointments that they be assigned an interpreter they can trust.
- Cutting out the ‘middle man’ meaning fair pay for interpreters and extra profits being reinvested into the Social Enterprise.
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. Signalise will use your investment to:
- Create a system that matches more skilled professional BSL interpreters to organisations needing to engage confidently with Deaf service users.
- Ensure that qualified BSL interpreters get paid a fair rate for their services and that Deaf service users get a high-quality service.
- Develop and launch this online platform to revolutionise access to interpreters for Deaf people in the UK.
- Fund staffing costs, training and help generate profits to be invested to create an even better service e.g. adding video interpreting services.
Team
Signalise is a multi-stakeholder co-operative run by its members to provide interpreting to services who need to book interpreters.
https://signalise.coop/
Jen Smith
Director
Jen Smith was an interpreter for 16 years and comes from a Deaf family. Three years ago. She was the first Chair of the National Union of British Sign Language Interpreters (NUBSLI) and her speciality was looking over government contracts and taking part in consultations.
Nicky Evans
Director
Nicky Evans has been an interpreter for over 16 years and established the National Union of British Sign Language Interpreters (NUBSLI) in 2014, which now has around 50% of the profession as members
Wes Mehaffy
Director
Geraldine O'Halloran
Director
Geraldine O’Halloran has been part of the disabled people’s movement for 30 years, involved in unions, politics and campaigning.
Tina Little
Director
Tina Little is based on Merseyside and has been involved in much of the campaigning locally from 2010 when many local health and social care contracts were given to large spoken language agencies to the removal of a local interpreting services.
Jude Mahon
Director
Jude has been an interpreter for over 15 years. She worked in London where she trained as an actress and specialises in theatre interpreting.
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Interest accrual and payment
Shares will start earning interest shares once issued by Signalise. The underpinning business plan aspires to pay 5% to investors from year 1 but the Board can pay less if it deems that the co-operative’s best interest are served by paying a lower sum.
Getting your money out
Signalise is offering community shares which are "withdrawable" shares. These cannot be bought or sold on any market place and are not transferable. Although shares in Signalise are withdrawable, this is at the discretion of the directors, and you may not be able to withdraw the full amount you purchased if Signalise does not have sufficient funds available at the time you want to withdraw.
Investing on behalf of children
Signalise do not currently accept investments on behalf of children.
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