Introducing Community Shares

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Presentation transcript:

Introducing Community Shares

Community shares in pictures

The Importance of Equity: The Limitations of Debt Equity is patient and engaged Flexible Risk sharing Seeks security Controlling and disengaged Debt is mechanistic

What are community shares? “The sale of shares in enterprises serving a community purpose, with the aim of raising at least £10,000 in capital from no fewer than 20 members” Unique to co-operative and community benefit societies Non-transferable, nominal One Member One Vote Exempt from regulation under the FSMA 2000 Interest payment only sufficient to attract investment Powered by Withdrawable Share Capital

Community shares market indicators: 2009 - 2014 Nearly 500 new societies registered Almost 200 share offers undertaken Est. £35m raised from over 35,000 members Average offer raised £175,000 Average membership 175 members Average investment per member £750

Key pillars of a successful share offer Business model Viable Profitable Sustainable Community engagement Scale and scope Attracting support Building membership Governance Legal form Rules Conduct Offer document Accurate Informative Share offer ‘campaign’

What is the Community Shares Unit? DCLG-funded programme launched in 2012 and running to March 2015 Partnership between Co-operatives UK and Locality Objective to grow the market for community shares, supporting: Communities looking to develop share offers Supporters exploring the community shares market Intermediaries, practitioners and advisers involved in comshares

Get in touch www.communityshares.org.uk www.microgenius.org.uk communityshares@uk.coop