At a time of scarce grant funding community organisations are increasingly looking at alternative ways to get capital intensive projects of the ground. Whether it’s wind farms, pubs, shops or sports facilities, communities are recognising the potential to use community shares as a valuable form of equity finance to get projects off the ground. Local people are encouraged to buy shares in particular enterprises in their community and therefore become part-owners. As shareholders, they are more likely to want to do everything they can to ensure the success of the business by becoming loyal customers, volunteers and supporters of the enterprise.
Simon Borkin leads the work of the new government-backed Community Shares Unit, delivered by Co-operatives UK and Locality, which is a dedicated support service to help grow the community shares market, offering guidance and advice to community enterprises, investors and support organisations. Simon will use the seminar to introduce the concept of community shares, illustrate where the model is being used currently, and set out how new and existing community-based enterprises can go about launching a community share offer to raise much-need start-up finance.
To attend this event, RSVP to firstname.lastname@example.org. Please feel free to bring your lunch; light refreshment will be provided.