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Brighton & Hove CLT

BHCLT Share Offer

£250 minimum

Brighton & Hove Community Land Trust (BHCLT) wants to put housing development back in the hands of the people who need it. They want to develop creative, sustainable and affordable alternatives in a place that has become inaccessible for too many people. They are issuing community shares to raise capital that will enable them to purchase land and property, which will be leased to their member community-led housing groups.

Investment is in Community Shares which are targeting 3% annual interest, accruing from January 2021, and can be withdrawn after two years.

As with shares in companies, community shares are a form of risk capital. They are not covered by the Financial Services Compensation Scheme, so if the enterprise fails, investors can lose some or all of their money.


Minimum raise for offer to proceed

£260,000


Financial return

Expected 3% annually.

Interest will be paid annually in January, with the first interest payments being made in January 2022.


Social return

BHCLT are issuing community shares to raise capital that will enable the Society to purchase its first property, which it will lease to one of its community-led housing groups: SEASALT, a student housing co-operative. BHCLT's long-term aim is to mobilise community investment in housing across the city to support its different community-led housing groups and projects to create homes that are secure and of community benefit forever.


Minimum investment amount

£250 for individuals

£1000 for societies/organisations

(Price of each share is £50)


Maximum investment amount

Maximum investment for individuals: £26,000

Maximum investment for organisations that are not registered societies: £100,000

Maximum investment for registered societies: unlimited

(Price of each share is £50)


Getting invested money back

Shares cannot be withdrawn for the first two years (from the share offer close date) to ensure BHCLT have enough time and resources to develop the schemes. After this, you can request withdrawal with 3 months’ notice to the directors. Please note BHCLT intend to make 5% of capital available to cover share withdrawals annually from year 2 and therefore applications in excess of this level cannot be guaranteed.


How secure is invested money?

BHCLT have been prudent in their financial planning and will only use the capital that people have invested if they are confident schemes will come to fruition. However, like many investments, the shares are at risk and you could lose some or all the money you invest.

Community shares are not covered by the Financial Services Compensation Scheme and there is no right of complaint to the Financial Ombudsman Service. If you are considering investing a significant amount of money, BHCLT suggest that you seek independent financial advice from a suitable advisor with knowledge of social investments.


Keeping track of your investment

Everybody who invests with BHCLT will receive a community share certificate. You will also receive an annual statement on your account, along with an update of what BHCLT have managed to achieve with the support of your 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.


Who can invest

Any individual over the age of 16, or organisation, who support the aims of BHCLT, can invest in BHCLT's share offer.

£98,55037%
Applied for to date, of
£260,000 target

Need help?

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

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

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