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Somerset Co-operative Community Land Trust

Somerset Co-operative Community Land Trust

£500 minimum

Somerset Co-operative CLT has been established as a community benefit society with the primary aim of taking a community-led approach to creating more affordable homes in Somerset.

Minimum raise for offer to proceed

The minimum raise for the offer to proceed is £170,000. 

If Somerset Co-operative CLT have not reached their minimum target, they will not proceed with their community share offer. No shares will be allocated and any money committed by investors will be returned. All money pledged electronically during the share offer period will be held in a secure account by Ethex. During this period, Somerset Co-operative CLT will not have access to these funds.

Financial return

It is in 2019 that Somerset Co-operative CLT expect to begin to pay interest on shares – with 4.5% interest due to accrue to members’ share accounts from 2019.

Access to interest: sums of between £50 and £250 will normally be paid annually, and otherwise interest will be credited to share accounts. Withdrawals will be enabled from 2021, at first rationed according to an equitable formula but increasing over time.

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

Social return

By investing in this share offer you will enable Somerset Co-operative CLT to undertake the purchase of a second property, as well as land for development into flats and an urban farming project.

Minimum investment amount


Maximum investment amount


Fees payable to purchase this product

Basic account Member account
None None

Statutory charges


Getting your money back

Shares in Somerset Co-operative CLTcannot be sold, transferred or exchanged (except on death or bankruptcy) or traded on any Stock Exchange and there is no possibility that they will increase in worth beyond their nominal value.

After a fixed period of three years following the closure of the share issue, shares are withdrawable on three months notice. Somerset Co-operative CLT will not pay you back more than you paid for your shares.

Although shares are withdrawable, this is subject to three months’ notice, and is at the discretion of the Directors, especially if there are insufficient funds to make repayments.

How secure is your money?

Payment of interest and capital is not guaranteed and is dependent on the continued success of Somerset Co-operative CLT'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

Somerset Co-operative CLT anticipates paying interest gross to investors, unless required to do otherwise by HMRC. Investors should report their gross income to HMRC in their annual tax return.


This investment is available to persons aged over 16 and to organisations.

Provisions on death of a Member

On the death of a member, the shares would be transferred to the personal representative (executor), who can request to withdraw the shares and the proceeds will be added to the estate.

Offer Closed

 As of the 31st Jan 2019 this offer is closed

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