Somerset Co-operative Community Land Trust Ltd is looking to raise up to £534,000 to provide sustainable affordable housing, provide workspace for community enterprises in Somerset, promote co-operative principles and create equality of opportunity for the benefit of the community.
Business founded
2009
Headquarters
Somerset
What they do
Somerset Co-operative Community Land Trust (SCCLT) is a community benefit society looking to raise finance to progress the development of a community-led approach to creating more affordable housing in Somerset. Read more
Financial performance
SCCLT is looking to raise a maximum of £534,000 through this share offer to finance the development of 8 high quality units at East Reach, Taunton, as well as the purchase of the former Exmoor Ales site at Wiveliscombe.
First interest payment
2021
Forecast return
4.5%
payable yearly
Social performance
The primary focus of this share offer is to enable Somerset Co-operative CLT's to provide affordable housing.
Governance and people
Alex Lawrie
Secretary / Business development manager
Alan Debenham
Chair
Caitlyn Reynolds
Treasurer
Who benefits
This share offer's primary target community is people in Somerset who are in need of more affordable homes. Through providing more affordable homes to rent and to buy, Somerset Co-operative CLT will serve people who currently find it difficult to buy or rent a decent, affordable home in Somerset, particularly in the areas of Taunton and the area around the Brendon Hills.
SCCLT's long-term goal is to become a model for the creation affordable homes that will be replicated across the UK.
Follow Somerset Co-operative Community Land Trust - OFFER CLOSED
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