Below is the copy of the press release from Mustard Seed Property annoucing the £50,000 match funding investment from Co-op UK and the extension of the close date of the share offer from 31st August 2020 to 30th September 2020:
We hope you and your families are keeping safe and well during these challenging times. We have found it incredibly humbling that during the pandemic so many individuals from Cornwall and beyond have supported Mustard Seed Property’s (MSP) latest community share offer. We are delighted that several investors from previous share offers have returned to reinvest, as well as a
large number of new investors. Thank you.
The 2018 community share offer enabled us to purchase our second property, this time in Redruth, and our current community share offer, will enable us to refurbish and adapt the property. With help from the Architectural Heritage Fund and Co-ops UK, we successfully met our minimum target of £150,000 and we are now working towards our optimal target of £600,000, which will enable us to purchase a third property. This will most likely be for a new partner, based in Newquay, providing accommodation for those recovering from substance misuse supported in the community.
The closing date of our live community share offer has been extended by one month to 30 September in order to give more people the opportunity to invest. Nearly every day more people are investing and the raise to date now stands at £278,000 (correct at time of sending). We hope to secure further match funding as we reach further milestones, so that for every £1 invested, another £1 will be matched. Now is a great time to invest, because all funds invested before 30 September will qualify to start earning interest from 1 October. Please share with your friends by forwarding this email or spreading the word on social media. Invest on the Ethex website.
The full press release is available to read online here.