This website uses cookies

We use cookies and other tracking technologies to assist with navigation and your ability to provide feedback, analyse your use of our products and services, and assist with our promotional and marketing efforts. View our Privacy Policy

Get Cycling

Get Cycling Share Offer

£750 minimum

Get Cycling will become a focus for engaging more people in regular cycling, adding pioneering initiatives and support programmes to their existing well-developed operations. By doing this they will help their community become more cycle-friendly, healthy, happy, environment-friendly and equitable.

Investment is in Community Shares which are targeting a 4% interest rate and can be withdrawn after three years of trading. Investment in this offer is eligible, dependent upon an individual's tax status, for Social Investment Tax Relief (SITR).

Minimum raise for offer to proceed

£200,000


Financial return

This is primarily a social investment, but Get Cycling can pay interest on share capital. Get Cycling has a target interest payment for these withdrawable shares of 4% per annum. Interest will start to accrue from the point at which the shares are allocated at the end of the offer. Shares can be withdrawn from a point four years after the share offer closes.

This offer has received Advance Assurance from HMRC that it is eligible for Social Investment Tax Relief. This means that an investor, dependent upon their tax status, may be able to reclaim up to 30% of the value of their investment in tax relief. 


Social return

Get Cycling has provided bike try-out roadshows, activity days for schools, inclusive cycling events and loan programmes for workplaces since 2008.

This new CBS is undertaking a community share issue to raise capital so the new charity can invest and grow and also to purchase from Get Cycling CiC all events assets, ongoing contracts and goodwill.

Get Cycling will become a focus for engaging more people in regular cycling, adding pioneering initiatives and support programmes to their existing well-developed operations. By doing this they will help their community become more cycle-friendly, healthy, happy, environment-friendly and equitable.


Minimum investment amount

Get Cycling are offering £1 shares, with a minimum investment of £750.


Maximum investment amount

Get Cycling are offering £1 shares, with a maximum investment of £50,000 for an individual.


Getting invested money back

Shares are withdrawable by selling them back to the Society. The Society have modelled buying back a maximum of 15% of the total share capital per year, after four years. There is a withdrawal holiday during the first four years of development. Withdrawal is subject to 3 months’ notice and is at the discretion of the Directors, especially if the Society is experiencing financial stress that means it would destablise the Society to make repayments or interest payments. 

Get Cycling is encouraging investors to view their investment as being a long-term commitment to Get Cycling. 


How secure is invested money?

Payment of interest and capital is not guaranteed and is dependent on the continued success of Get Cycling's business model. This investment is not covered by the Financial Ombudsman and there is no deposit guarantee scheme for this product.


Keeping track of your investment

The details of your investment are recorded on your share agreement with the Society. 

Each year Get Cycling will publish a set of accounts.


Membership

Every investor becomes a member of the charity, eligible to an equal vote on all matters at the charity’s AGM and in elections to the society’s board of Directors (elections in which any member can stand too).

In addition, for members only, Get Cycling are also offering:

  • 10% off all purchases from Get Cycling CiC of two-wheeled cycles accessories, repairs and bike hire
  • Events, rides, social events and classes
  • Cycling weekends and holidays in the UK and the Netherlands (charged at cost)
  • Bike breakdown rescue service
  • Cycling advice line
  • Legal aid from cycling solicitors with preferential members-only success commission.
  • Regular Members’ Newsletter
  • An annual report on the impact we are achieving as a result of this investment

Nomination and Inheritance Tax

In the event of the death of a member, the repaid value of the shares will normally be added to the estate for probate purposes. You may elect to nominate a recipient for the value of the shares (but only up to the amount set out in law) and thus (under current legislation) remove the value of the shares (up to the amount set out in law) from your estate for probate purposes i.e. the shares may pass to the nominee outside the Will of the deceased. The nominated property will nevertheless form part of the deceased’s estate for Inheritance Tax purposes, unless the estate is an excepted estate.

Get Cycling CBS shares would generally be expected to attract Business Property Relief at rates of up to 100% for IHT purposes, provided the shares have been held for at least 2 years.


Who can invest

Individuals over the age of 16, charities, trust funds, Small Self Administered Pension Schemes, nominee services and corporate entities, groups and associations, and other organisations may invest in this offer. You cannot buy and hold shares on behalf of a child. Shares cannot be held in joint names.

£39,85919%
Applied for to date, of
£200,000 target

Need help?

The Ethex team are here to help from 9am to 5pm

https://www.ethex.org.uk/savings--investments_16.html

Invest and save with Ethex to

make money do good

You can browse, compare and invest in a range of products on Ethex platform from bank accounts and ISAs to equity investments and charity bonds that offer a social/environmental as well as a financial return. All you need to do is get started...