The ELC board have discussed the purpose of continuing to raise investment up to £500,000. Below is a statement from the Board in support of extending the share offer maximum target.
We are grateful and reassured to have met our original target and to see the interest in our work in the difficult circumstances brought about by the covid-19 pandemic. We are also excited about the opportunity this gives the Ecological Land Cooperative at a time when food security and access to healthy locally produced food has become even more important to communities across England and Wales. We are going to stretch the investment target to £500,000 and any additional investment will enable us to research and develop new products and services including training projects for new entrants to ecological farming, providing farming opportunities in new settings such as woodland and peri-urban sites and working with landowners to increase access to affordable land. We will also increase our capacity to create new ecological small farms to meet the increasing demand from new entrants to farming.