|Offer opened||19th June 2020|
|Offer closes||30th November 2020|
|Location of project(s)||Cornwall|
|Offer price, per share||£1|
|Min. investment amount||£250|
|Max. investment amount||£100,000|
|Min. raise for offer to proceed||£150,000|
Mustard Seed Property expects to pay 3.5% interest in the first year, and 4.5% thereafter. For investment made up to and including 30th September interest will accrue from 1st October 2020. Investments made from 1st October will accrue interest from 1st December 2020. The interest will be calculated annually and paid gross of tax and in arrears into your member's share account unless you opt for a cash payment.
Since 2007 Mustard Seed Property has been having a direct positive impact on the lives of vulnerable people across the region. Mustard Seed Property is inviting you to take the opportunity to invest in this offer, which will help it to make space for vulnerable people to flourish in Cornwall and the Isles of Scilly.
Co-operatives UK (with funding provided by The Architectural Heritage Fund) has pledged a £50,000 investment to Mustard Seed Property’s community share offer, via the ‘Community Shares Booster Programme’. This innovative “match funding” is already included in the total funds raised towards the £600,000 target, to house vulnerable adults in Cornwall.
With additional match funding potentially available from funders, this means that for every £1 invested by the community from now on, Mustard Seed Property (MSP) will aim to secure a match investment of £1, to reach the target.
Corporate Finance Advisers - Resonance specialises in supporting social enterprises to prepare for and raise investment from values-aligned investors. Regulated by the Financial Conduct Authority (URN 588462).
Learn more about key aspects of this share offer
Aims, social and financial performance, and how it's run
The information on this website is only a summary of the offer document.
Before applying for shares the whole text of the accompanying share offer document and business plan should be read.
If you are in any doubt about the information on this website, the content of the accompanying prospectus or the action you should take, you should immediately consult a person authorised for the purposes of the Financial Services and Markets Act 2000, who specialises in advising on investment in shares and other securities.
Prospective investors should be aware that the value of the shares, which will not be quoted, cannot go up, but can go down. In addition, there is no certainty that investors will get back the full amount they invest.
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