Grand Launch of the Fielden Acre Community Share Offer

Join us for our FREE online launch event
Sat, 31 October 2020
11:00 – 12:00

Community Shares – Investing in our Community

We are inviting investment in our town to help us keep Fielden Hall, its houses and land, a community asset forever.

Community-led efforts can help create and protect the affordable homes and community facilities that we need in our valley and Todmorden.

Please support the purchase of the Fielden Acre.

The Community Shares Standard Mark is awarded by the Community Shares Unit to offers that meet national standards of good practice.

For more information about community shares, the Community Shares Standard Mark and the Community Shares Unit go to:

communityshares.org.uk

This share offer will help keep our heritage and ensures affordable places to live. That’s why I’m delighted to support this investment in our community.

Kevin Doyle

HOW YOUR INVESTMENT COULD HELP OUR COMMUNITY

We are inviting investment in our town, investing for social as well as financial return. Help us raise £220,000 in community shares so we can buy the land and buildings surrounding the historic Fielden Hall Community Centre. Invest in our community to create new shoots from old roots.

Fielden Hall COMMUNITY Centre

Through investing in the Fielden Acre community share offer you can help secure the future of our beautiful Fielden Hall as a thriving community centre for all the people of Todmorden. The whole site will be owned and managed by the community, for the community.

Affordable Homes

By buying the two houses, the Masters House and The Old School House, that bookend the historic Fielden Hall, the CLT will ensure that they stay as affordable housing for the long term. It means we can make sure the whole site stays in community hands as a community resource, preventing unsympathetic development on the land.

FIELDEN ACRE HERITAGE

Pioneering philanthropist and educator Sarah Fielden helped make Todmorden the town it is today when she established a school on the site in 1871. In the 2020s, we are using community shares for a very modern kind of philanthropy, making our contribution to the town’s future.

AFFORDABLE PLACES TO LIVE; SAFEGUARDING OUR HERITAGE

Buying the land around Fielden Hall will mean we can ensure affordable community housing in the two properties that bookend the hall as well as enhance the Hall’s community facilities.

Fielden Acre Project Community Share offer

The space around the Hall is around an acre. The Fielden Acre Project

But it’s more than that – Community ownership of the whole plot of land brings us possibilities. We can secure the space around the Hall is around an acre for the community a beautiful and historic building, protect a community future for Fielden Hall itself and maybe better connect the Hall to Centre Vale Park.

How will Fielden Acre Community Shares Work?

The Community Share offer will open on Saturday 31st October, and you will have until the 22nd January 2021 to invest.  The minimum you can invest is £250 and the most is £20,000.

The shares will have a target maximum interest of 2% with the first payments made available in early 2023. Interest will only be payable when the Trustees consider the society can afford it.

Find out more about the Fielden Acre Community Shares

We are running this community share offer through the ethical investment service, Ethex from 31st October 2020.

The following documentation provides guidance about the share offer and background information about Calder Valley Community Land Trust Ltd:

Supporting documents: 

You could lose some or all of the money you invest in this share offer, without recourse to the Financial Services Compensation Scheme or the Financial Ombudsman Service.

WOULD YOU LIKE TO KNOW MORE?

Please register your email address, without obligation, and you will receive:

  • details of the launch event, and
  • an email with a link to the share offer information on the launch day, 31st October 2020.

You can also register by email, to info@caldervalley.clt.org.uk.

Social Investment Award winners

Calder Valley CLT were the proud winners of the 2019 Social Investment award from Social Enterprise Yorkshire & Humber for the innovative funding of the six bungalows we developed independent living for people in later life, in Walsden. As part of the financing of these homes we successfully raised £94,000 in community share capital from within our valley.

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What are Community Shares?

Community Shares are a way for local communities – and other supporters – to invest in community projects. They cannot be ‘traded’; you cannot sell your shareholding on to someone else. The value of Community Shares cannot increase, but can go down.

Community shares are withdrawable but at no more than their original value. Shares cannot be withdrawn on this offer before early 2024.

This share offer holds the Community Shares Unit Community Shares Standard Mark. This is awarded by the Community Shares Unit (CSU) to offers that meet national standards of good practice. These standards ensure that:

  • The offer document and application form are easy to understand
  • You are provided with all the facts you need to make an informed decision
  • The facts are supported by the annual accounts and/or business plan of the society
  • Nothing in the documents is purposefully incorrect, confusing or misleading

Societies are asked to sign a Code of Practice requiring them, among other things, to give the public a right of complaint to the Community Shares Unit.

For more information about community shares, the Community Shares Standard Mark and the Community Shares Unit, go to www.communityshares.org.uk