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Community Farm Securing Renewable Energy for Future Generations

Stockwood Community Benefit Society

When I last wrote to you Stockwood had raised sufficient capital for them to install a renewable heat system for the business park and small photovoltaic array on one of the larger units.

Since then, Stockwood also reached its target raise of £250,000 for its Loan Stock Offer with investors benefiting from social investment tax relief.

Together with a loan from our Community Share Underwriting Fund of £200,000 Stockwood only need to raise a further £70,000 in community shares to enable purchase of the 31 acres of farm land.

At its AGM in April shareholders heard how Stockwood had enjoyed a confident second year results with these highlights demonstrating their strength and reliability as a community-led enterprise:

  • Revenues of over £250,000, which was slightly ahead of budget
  • Over 3,000 members of the community engaged in programmes or events at the farm
  • Shareholders received their promised 5% cash return
  • 100% business tenancy occupancy throughout the year
  • The farm itself flourishing and continuing to develop its local customer base for its produce

The deadline for share applications has been extended to 31 July – if you are interested in investing, please view the full share offer on the Ethex website.

Stockwood CBS Share Offer

To find out more visit Stockwood CBS website

Stockwood CBS Share Offer – Key Facts

Key Facts – Share Offer

Offer price per share:   £1

Minimum Investment:   £100

Maximum Investment:  £100,000

Expected Return:   Share interest payment 5% pa.  Interest rate is decided by the board ahead of each year.

Exit:  Withdrawable on six months notice, subject to available funds.

Deadline: 31 July 2016

Before you make a decision, please refer to the full share offer document.

Help London CLT Build Affordable Homes in the Capitol, Keeping Families and Communities Together

London CLT Cityscape

In the second share offer, London Community Land Trust (CLT) has been busy promoting their community share offer to build 12 affordable homes in lewisham, their second scheme as part of more than 100 they hope to build across London. The project was mentioned during the Mayoral Hustings with both candidates supporting the plans to build more affordable homes in London to keep families together and build sustainable communities. This has given momentum to the scheme which has £160,000 to raise to reach its £450,000 target.

What does ‘affordable’ actually mean? London CLT’s definition is prices that are linked to local median incomes. A far cry from the distinctly unaffordable market prices in today’s London.

In reality that means on their first development at St Clements in the east end, London CLT is selling 2 bedroom flats for £182,000 where market prices are £450,000. That’s a first for the first urban CLT in the country.

With over 1,500 members already, London CLT would like you to join the movement, help them build the homes in Lewisham, and bring forward their next 100 homes at the Olympic Park, where the Mayor of London has pledged a CLT.

The London Evening Standard thinks London CLT might just be the start of a revolution and the BBC’s Sunday Politics show did a short film to explain how it works:

View the London Evening Standard Article.

View the video on the London CLT website.

The share offer is live on the Ethex website. You can find it here:

London CLT Share Offer.

London CLT Share Offer – Key Facts

Key Facts – Share Offer

Offer price per share:   £1

Minimum Investment:   £100

Maximum Investment:  £100,000

Anticipated Return:  Share interest payment 5% per annum from 2017. Interest rate decided by the Board each year.

Exit:  Withdrawable on six months notice after year three, subject to available funds.

Deadline: 15 July 2016

Before you make a decision, please refer to the full share offer document.

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