Social Investment Tax Relief!
This share offer has received Advance Assurance that investors in The Hive will qualify for Social Investment Tax Relief. This means that individuals will receive a 30% tax releif on monies invested in to the project, subject to an investor's personal SITR eligibility.
Crowd Match Fund
The Hive Live is now eligible for match funding from Big Society Capital (subject to formally passing BSC due diligence). This means that for every pound invested in The Hive Live by individuals, another pound of shares will be puchased by BSC, up to £100,000. Crowd Match Funds are not yet shown in the totaliser.
Key facts
| Offer status | OPEN |
| Product | Withdrawable Shares |
| Investing in | Community Venue |
| Offer opens | 31st May 2019 |
| Offer closes | 30th August 2019 |
| Location of project(s) | Winsford, Cheshire |
| Offer price, per share | £1 |
| Minimum investment amount | £200 £20 for residents of CW7, CW8, CW9 and CW10 postcodes |
| Maximum investment amount | £100,000 |
| Min. raise for offer to proceed | £60,000 *(Subject to funding from More Than A Pub programme being secured) |
| Maximum raise | £160,000 |
Financial performance
The Hive intends to pay interest on investments of around 3% a year and there may be a 30% tax relief available - SITR - subject to a pending HMRC decision.
Social performance
The Hive will make de bees a cultural focal point for Winsford which will act as a catalyst to re-ignite the economy and sense of community. They will host cultural events daily, from gigs and concerts to cinema, theatre, poetry, dance and exhibitions.
Business profile
Aims, social and financial performance, and how it's run
Offer document
Business Plan
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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