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Investment is in Community Shares which are targeting 3% annual interest, accruing from January 2021, and can be withdrawn after two years.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