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St Ives Community Land Trust

St Ives Community Land Trust

£350 minimum

St Ives 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 the town.

Minimum raise for offer to proceed

The minimum raise for the offer to proceed is £170,000, this will enable the Society to pay off a short-term loan from CAF Venturesome. 

If St Ives CLT do not reached their minimum target, it will not proceed with the community share offer. No shares will be allocated and any money committed by investors will be returned to you, less the direct and un-recoverable costs incurred by Ethex in hosting the offer, calculated pro-rata to the number of shares applied and paid for at the date of cancellation of the share offer. All money pledged electronically during the share offer period will be held in a secure account by Ethex. During this period, St Ives CLT will not have access to these funds.

Financial return

Interest will start to accrue at 4% per annum once the offer has closed and the first interest payment will be in 2020.

Payment of interest and capital is not guaranteed and is dependent on the continued success of St Ives CLT's business model.

Social return

By investing in this share offer you will enable St Ives CLT to undertake the purchase of a property, and to refurbish it into six flats providing affordable rented accomodation for ten people.

Minimum investment amount

£350 or £100 for those investors with an address in the TR26 postcode area

Maximum investment amount

£50,000 for individuals; £100,000 for organisations

Getting your money back

Shares in St Ives CLT cannot 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. St Ives 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 St Ives CLT's business model.

This investment is not covered by any government compensation scheme.

Tax considerations

St Ives 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 18 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 January 2020, this offer is closed

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