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Somerset Co-operative Community Land Trust

Somerset Co-operative Community Land Trust 2020

£500 minimum

Key facts

Offer status OPEN
Product Withdrawable Shares
Investing in Affordable housing
Offer opened 20th August 2020
Offer closed 14th October 2020
Location of projects Somerset

 

Offer price, per share £1
Minimum investment amount £500
Maximum investment amount £20,000
Min. raise for offer to proceed £185,000
Optimum raise £445,000
Maximum raise £534,000

Financial performance

Somerset Co-operative Community Land Trust expects to pay 4.5% interest on shares issued under this offer. 

Social performance

SCCLT's long-term goal is to create affordable housing across Somerset, and inspire other community land trusts across the UK to use the SCCLT model. 

Community Shares Standard Mark Awarded 

The Somerset Co-operative CLT share offer document has been awarded the Community Shares Standard Mark. This Mark is awarded by the Community Shares Unit to offers that meet national standards of good practice. These standards ensure that:

  • The offer document and application form are easy to understand.
  • You are provided with all the facts you need to make an informed decision.
  • The facts are supported by the annual accounts and/or business plan for the society.
  • Nothing in the documents is purposely incorrect, confusing or misleading.

Societies are asked to sign a Code of Practice requiring them, among other things, to give the public a right of complaint to the Community Shares Unit.

Share offer

Learn more about key aspects of this share offer

Business profile

Aims, social and financial performance, and how it's run

Offer document

Business plan

Social Impact report 2019

Accounts 2019

Paper Application Form

The information on this website is only a summary of the offer document.

Before applying for shares the whole text of the accompanying share offer document and business plan should be read.

IMPORTANT INFORMATION FOR PROSPECTIVE INVESTORS

If you are in any doubt about the information on this website, the content of the accompanying prospectus or the action you should take, you should immediately consult a person authorised for the purposes of the Financial Services and Markets Act 2000, who specialises in advising on investment in shares and other securities.

Prospective investors should be aware that the value of the shares, which will not be quoted, cannot go up, but can go down. In addition, there is no certainty that investors will get back the full amount they invest.

£115,05025%
Applied for to date, of
£445,000 target

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