Download here - The Lab Haverfordwest

Community Resilience
Engaging citizens to take action.
Safeguarding
Community Assets
via Community
Crowd Funding Ideas
Example of a Community Asset Share Certificate
Cris Tomos – 07/09/2016
Community Initiatives
1. Crowd Funding Ideas
2. Local Cooperative Share offers options
3. Community – Peer to Peer loans
4. Income Generation and Sustainability
Community Resource Centre
Crowd funding for new chairs £1,800
- £15 a chair to be funded
- Draw up a list on the
website and enter the names
of the locals who have
supported.
- Paper copies of the list
around each house-hold
- Gift Aid the donations.
Community Resource Centre
Share Offer September 2007
Community Cooperative
PLANED - Engagement
-£120k purchase price
-£60k deposit needed by March 07
-Co-op UK helping with IPS
-£55k raised
-CFAP Bid of £180k
Social Investment Tax Relief (SITR)
Enterprise Investment Scheme (EIS)
30% Tax Saving for investors
Community Finance &
Tackling Child Poverty
West Wales Credit Union
Financing new Social
Enterprises
-2100 members £915,000
savings
-Health and Wellbeing - LHB
-Child Poverty & Food Bank
-Kids Saving £185,000 @
1.5%
www.wwcu.co.uk
New Resource Centre
Energy Efficient Timber Frame
Funding Secured for Exterior
-CFAP = £196k
-Toolkit = £75k
-Shares = £55k
- Reserves = £50k
TOTAL = £375k
Interior – application
The Big Lottery £249k
Cymdeithas Cynnal a
Cefnogi Cefn Gwlad - 4CG
Overview Site Plan
Community Finance
Shareholders :• Issuing of £250,000 shares
@£200 each
• Maximum £20,000 of shares per
person
• Maximum of one voting share per
person
• Dividends for each share.
• Committee appointed by
shareholders to manage
organisation.
• Voting power on share scheme
• Credit Union 5 year loans to
purchase shares - affordable to
everyone
Phase 1
Development
Assistance from Wales
Coop to engage Jim Brown
of Bristol to advise on best
model and share offer
prospectus.
IPS model. Community
Benefit Cooperative
Phase 1
Development
• Purchase of Pwllhai site for £357K
•£180k loan from Lloyds TSB
• 0.72 acres
• Planning permission for parking
• Clear site for car parking – 80 cars
• Install parking meter(s)
• Rent out cottage
• Employ car park attendant
•Develop the shops
•New Sub Committees – Renewables, marketing, Shops.
Shareholders and
Volunteers
2012 Developments
• Purchase of the old court
house and the old police station
in October 2012
•Share Issue £70,000
•Credit Union Support
• Expansion of West Wales
Credit Union
•Community Energy - Solar
Seedcorn Enterprise Investment
Scheme (SEIS) - 50% Tax Saving for investors
Community & Social
Personal Loans Scheme
Loans agreement
4CG Community &Social
Personal Loans
34 lots of £5000 giving fixed 4%
for 3 years – Target of £270,000
6 months notice
Interest paid monthly
£185,000 of expressions of
interest returned in 10 days.
MAY 2015 £310,000 raised!
Community Finance and Social Benefit
catalyst for future developments
Safeguarding Community Assets via
Community Shareoffers
A grassroots solution to social enterprise development.
Financed by community shareholders assisted by Credit Unions – the
community owned banks. Grants and local loans mix to complete
projects.
MUST HAVE A REGULAR INCOME TO REPAY LOANS AND INTEREST
DIOLCH YN FAWR IAWN – THANK YOU
Cris Tomos – 07974 099738
[email protected]