1 / 18

Cris Tomos – 07/09/2016

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 Crowd Funding Ideas Local Cooperative Share offers options

mmorrissey
Download Presentation

Cris Tomos – 07/09/2016

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. 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

  2. Community Initiatives • Crowd Funding Ideas • Local Cooperative Share offers options • Community – Peer to Peer loans • 4. Income Generation and Sustainability

  3. 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.

  4. 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

  5. Social Investment Tax Relief (SITR) Enterprise Investment Scheme (EIS) 30% Tax Saving for investors

  6. 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

  7. 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

  8. Cymdeithas Cynnal a Cefnogi Cefn Gwlad - 4CG

  9. Overview Site Plan

  10. 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

  11. 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

  12. 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.

  13. Shareholders and Volunteers

  14. 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

  15. Seedcorn Enterprise Investment Scheme (SEIS) - 50% Tax Saving for investors

  16. Community & Social Personal Loans Scheme Loans agreement

  17. 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!

  18. 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 cris@cwmarian.org.uk

More Related