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Ian Rothwell Co-operative & Community Finance February 2012

Ian Rothwell Co-operative & Community Finance February 2012. COMMUNITY SHARES ICOF Ltd. Community investment. COMMUNITY SHARES ICOF Ltd. Engaging communities to invest in themselves For Industrial & Provident societies Withdrawable membership shares One member, one-vote democracy

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Ian Rothwell Co-operative & Community Finance February 2012

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  1. Ian Rothwell Co-operative & Community Finance February 2012 COMMUNITY SHARES ICOF Ltd

  2. Community investment COMMUNITY SHARES ICOF Ltd • Engaging communities to invest in themselves • For Industrial & Provident societies • Withdrawable membership shares • One member, one-vote democracy • Exempt from FSA financial promotions regulations

  3. What are community shares? COMMUNITY SHARES ICOF Ltd • Defined as co-operative or community benefit societies with more than 20 members and £10,000 in share capital. • Oldest surviving example is Lincolnshire Co-operative Society est. 1861 • Currently over 200 societies fit this definition (58 societies in 2009)

  4. Due Diligence /Appraisal COMMUNITY SHARES ICOF Ltd • Viability of the business/project • Community involvement • Likelihood of our investment being repaid

  5. Products COMMUNITY SHARES ICOF Ltd Underwriting fund Community reassurance Falling short Enable asset purchase Easy instalments

  6. Investment, not loan COMMUNITY SHARES ICOF Ltd Up to one third of total capital sought (max £50,000) Arrangement fee 2% Interest 8% p.a. Different class of share

  7. Pre-investment advice COMMUNITY SHARES ICOF Ltd Co-operatives UK The Co-operative Enterprise Hub Plunkett Foundation Locality Wessex Community Assets Baker Brown Associates We would expect that advice & support will have been received from one such organisation before an approach is made to us.

  8. COMMUNITY SHARES ICOF Ltd The Future Esmée Fairbairn Co-op Bank Loan (CITR) Investment from other societies

  9. Contact Ian Rothwell www.coopfinance.coop info@coopfinance.coop Brunswick Court, Brunswick Square Bristol BS2 8PE Tel: 0117 916 6750

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