Northfield Community Share Offer
Investment page
Ready to invest
to help creatE an affordable rented home
in Heptonstall?
Full details of the offer are contained in the Share Offer document and the Business Plan.
When you are ready to invest please complete our simple application form here.
Applications close 18th November.
All you will need to invest are your personal details, including an email address.
There are four simple options, you can choose:
- How much you want to invest
- If you invest £250 or more, your preferred interest rate of 0%, 1% or 2%
- To take your annual interest in cash or add it to your shareholding
- Whether to leave your shares as a legacy to your estate, a named person or CVCLT.
Once you have completed your application, you will find our bank account details to easily transfer your investment funds to our share offer account. You will also receive an email with a summary of your application and the investment bank account details.
No investment money will be spent until the share offer has successfully reached its minimum target.
Thank you!
Statement from CVCLT Board
At the October CVCLT board meeting the trustees reaffirmed the priority it gives to protecting the community share investments that are made in the CVCLT. This is important because community shares are not formally regulated. The board’s statement includes the following.
“The Board of Trustees takes its responsibilities towards those individuals and organisations investing in CVCLT through its community share issue extremely seriously. It has launched the current Northfield Project share issue having satisfied itself that the business plan and share offer document are robust.
The Board confirms its previous decision that these investments will attract 2% pa interest. While the Board is aware that it has the legal power to alter the rate of interest, the Board confirms that it has no current intention of changing the interest being offered in the foreseeable future and that any reduction in interest would not be introduced except in exceptional circumstances and only when the Board had first called a Special General Meeting of members.”
Financial risk
Community shares are fully at risk. Our rules give our Board discretionary powers to refuse or suspend withdrawals if it is financially prudent to do so. In practice, this means that share withdrawals for this share offer are limited to 2.5% of share capital per annum with a ceiling of £9,000 until 2030. Share withdrawals will be possible from 2029 onwards, on a first-come, first-served basis. The Society can only allow withdrawals if we’re doing well as a business, and we need to have sufficient trading surpluses and reserves available to enable it to give you your investment back.
You could lose some or all the money you subscribe. You have no right to compensation from the Financial Services Compensation Scheme, nor any right of complaint to the Financial Ombudsman Service. There is a risk of losing some or all of your money. Please don’t invest any money you can’t afford to lose
Additional guidance on investing in community shares is available on-line from the Community Shares Unit: http://communityshares.org.uk/guide-investing-community-shares
Calder Valley Community Land Trust Limited
Registered Society number 7038 – registered with the Financial Conduct Authority under the Co-operative and Community Benefit Societies Act 2014.
Registered exempt charity status number EW35609 – registered with HM Revenue and Customs
Registered office: Unit 25, The Town Hall, St George’s St, Hebden Bridge, HX7 7BY