Ecological Land Co-operative - OFFER CLOSED

Share Offer

£500 minimum

The Ecological Land Co-operative's aim is to offer secure ethical investments in affordable ecological smallholdings,  creating opportunities for low-impact livelihoods and improving the resilience of communities through local food production.


Minimum raise for offer to proceed

£120,000


Financial return

The Ecological Land Co-operative projects that Members will start earning a 3% gross annual interest rate from the the point that shares are allocated. In the first year this will mean a pro rata payment covering the period from the allocation date up to 31st December 2017, when the interest payment will be made. 

Payment of interest and capital is not guaranteed and is dependent on the continued success of the Ecological Land Co-operative's business model.


Social return

With this investment the Ecological Land Co-operative aims to provide 6 ecologically managed, off grid, low impact smallholdings ready for new farmers to produce good, healthy food for local markets.


Minimum investment amount

£500


Maximum investment amount

£40,000


Fees payable to purchase this product

Basic account Member account
None None

Statutory charges

None


Getting your money back

Withdrawable Shares in the Ecological Land Co-operative are non-transferable except on death or bankruptcy or (in the case of an unincorporated organisation or partnership) on a change of nominee, and therefore cannot be sold to a third party or traded. There is no prospect of the Withdrawable Shares being worth more than their nominal value of £1.

To withdraw shares, members apply to the Company Secretary giving three months notice of their intention. Please note that the Ecological Land Co-operative will allow a maximum of 10% of the combined share capital held by the Co-operative to be withdrawn in any year, and withdrawals would be subject to this. However, it is important to note that any withdrawal is at the discretion of the Directors and subject to sufficient funds being available.


How secure is your money?

Payment of interest and capital is not guaranteed and is dependent on the continued success of the Ecological Land Co-operative's business model.

This investment is not covered by any government compensation scheme.


Keeping track of your investment

The details of your investment are recorded on your share certificate and by the Society.

If you subscribe to the Ethex Portfolio Service you can track your investment and follow the performance of the business in your personal portfolio.

Share certificates are issued directly by the Society, not by Ethex.


Tax considerations

Prospective members are advised to seek independent tax advice if they wish to benefit from Capital Gains and Inheritance Tax Relief.


Qualification

This investment is available to persons aged over 16 and to organisations. Investors can also choose to hold shares on behalf of children; they may also nominate a person to whom they wish their shares to be transferred on their death, up to a value of £5,000.


Provisions on death of a Member

There is no preferential position for withdrawals for the estate of a deceased member.

Offer Closed

 As of the 12th June 2017 this offer is closed.

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