Key facts
| Offer status | OPEN |
| Product | Withdrawable Shares |
| Investing in | Affordable housing |
| Offer opened | 20th August 2020 |
| Closing date | 14th December 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.
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.
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