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The Community Share Underwriting Fund was developed in response to the growing number of Community Benefit Societies seeking to raise funds through Community Share Issues.
Projects approved for support from this Fund were able to draw down up to 50% of the community share issue target. They were able to advertise this underwriting support on launch of the share issue, which helped to boost confidence among potential retail investors and encourage higher uptake.
Investment Proposition Key Facts:
Who you loan to: Community Land & Finance CIC
Impact: Sustainable / Resilient Communities
Target Fund Size: £3m
Expected Returns: 3%+
Term: 7 years
Assets: Secured asset backed loans (first or second charge)
Open for Investment: Fully subscribed