Target:
£164,000
Minimum raise:
£144,000
Forecast return:
up to 2% per annum
Offer closes in:
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Investment so far:
LAUNCH EVENT - The Northfield Project Community Share Offer
Join us for the launch of this exciting project.
Heptonstall Bowling Club
Acre La, Heptonstall, HX7 7LT
Saturday 25th October 2025
Timing:
Launch presentation: 10am -11 am
Drop-in for a chat: 11am – 12pm
We will be there to answer questions. All welcome!
Tea, coffee and cake available.
HOW YOUR INVESTMENT WILL HELP OUR COMMUNITY
The purpose of this share offer is to raise the finance to purchase a small residential freehold property in the village of Heptonstall. The property will be refurbished by local contractors to improve its energy efficiency. The property will then be let at an affordable rent. We aim to prioritise local tenants under age 35 at the start of their tenancy (they can stay as long as the like after that) – people who are currently being priced out of the community.
The village is a well-known conservation area and has been used as the setting for several high profile TV and film productions, leading to a growth of holiday lets and second homes, which, together with general house price inflation and the desirability of the village, has driven up house prices in the area to unaffordable levels for many local young people. This project aims to help address the housing need this has created.
You can help create a community owned home in Heptonstall
The project will create a secure tenancy at an affordable rent in the heart of the village, enabling local people to put down roots in the community and plan for their future.
The current owner of a house on Northfield wishes to sell their house to Calder Valley Community Land Trust (CVCLT) at below market value to create a community asset for the village.
We need your help to make it happen
We invite you to invest in a community share offer to enable the purchase and renovation this house in the centre of the village.
It can happen! A community share offer was the mechanism that attracted 348 people to invest in the bringing Heptonstall Post Office into community ownership.
Investment Target – how much do we need?
Ideally we need to raise £164,000 in community shares. This would be in addition to a £90,000 grant we have applied for from Calderdale Council’s ring-fenced Affordable Housing Fund, we are expecting a decision in mid November..
The minimum we need to make the project work is £144,000, plus the £90,000 grant.
If we don’t reach to target amount by 18th November, we can extend the offer period by up to three months. If, at the end of this period, or been able to secure the necessary grant funding we still haven’t hit our minimum target then the project won’t go ahead and investment monies will be returned (minus expenses, though we expect most or all expenses to be covered by a grant of £8,500 we have already received from the Cooperatives UK Booster Fund to make this share offer happen).
Heptonstall - living heritage
Northfield has several listed buildings, (though this isn’t one) and is in the conservation area. By investing in the Northfield Project community share offer you can help secure the future of our beautiful village as a thriving community with affordable homes for local people.
Affordable Homes
By buying this house, the CLT will ensure that it stays as an affordable home for the long term. Having the house in community hands prevents the home being taken out of the housing market by becoming a holiday let or second home.
Ready to invest?
You can find our simple application form here. Once you have completed your details, you will find the details to easily to transfer your investment funds to our share offer account.
No investment money will be spent until the share offer has successfully reached it’s minimum target. Full details of the the offer are contained in the Share Offer document and the Business Plan. 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.
Thank you
See more about our work
In our short videos from our youtube channel
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:
Invest Today
Investor Testimonials
The number of holiday lets in the area is changing the nature of our community. At the same time, affordable and decent rentals are ever more scarce. Enough is enough. This is a great idea.
Investing in the CLT’s fund to buy this historic affordable home and keep it in the hands of the community seemed like a really good thing to do with money that earnt very little in the bank. I now feel a part of this exciting project.
I used to live in Heptonstall but had to leave when the house was sold from under me. I would desperately love to get back there as it is the only area where I have friends, family, and a support network which is vital for me.
I believe there aren’t many houses for young couples that’s are realistically affordable, I grew up in Colden just up the road would love the opportunity to be back in the Calder valley.
There’s more good people needing to rent than there is houses and my landlady is selling up so I am one of those people.
Too many houses are becoming AirBnB especially small ones when there are too few houses for people to rent or buy that are also affordable.
If you invest in shares as part of this share offer, you will hold shares in the Calder Valley Community Land Trust (CVCLT) as a whole. We have therefore provided information below and in our business plan for both CVCLT as a whole as well as this particular project. Our 2025 Review gives an overview of the Society and what we do.
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Share offer opens for everyone |
25th October 2025 |
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Share offer closes |
18th November 2025 * |
In the event that we are short of one of our targets the Board reserves the right to extend the offer for a period of up to three months. |
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Optimum shares target |
£139,000 |
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Maximum shares target |
£169,000 |
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Minimum shares target |
£119,000 |
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Minimum investment |
£50 |
NB only share investments of £250 and over will be eligible for interest payments. |
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Maximum investment |
£15,000 |
Maximum includes existing investments in CVCLT community shares |
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Who can invest |
Individuals aged 16 years or over Unincorporated organisations/groups Incorporated organisations |
E.g. an unregistered group, a family group or group of friends E.g. a registered co-operative society, community benefit society, charity or limited company |
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Interest |
Your choice of 0%, 1%, or 2% |
Interest is earned on total investments of £250 and over annually from 2027 onwards |
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Capital withdrawals |
Can be requested from year 2029 onwards |
Withdrawals at 2.5% of shares per annum, with an annual ceiling across all the Society’s community shares of £5,000, rising to £9,000 in 2029. All subject to Board approval |
* This share offer MUST close by the stated date at the latest so that we can draw down £25,000 match equity investment from the Booster Fund, if this is approved. Nevertheless, in the event that we are short of one of our targets or do not get the level of grants or Booster Fund equity investment, the Board reserves the right to extend the offer for a period of up to three months.
In line with previous share offers, we are imposing a maximum share of £15,000 for any one shareholder, other than the Booster Fund, which would be an institutional investor.
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
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 and having received external validation through the Community Share Standard Mark.
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.”
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 2029.
