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Cris Tomos – 07/09/2016

Community Resilience Engaging citizens to take action . . Safeguarding Community Assets via Community Crowd Funding Ideas. Example of a Community Asset Share Certificate. Cris Tomos – 07/09/2016. Community Initiatives Crowd Funding Ideas Local Cooperative Share offers options

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Cris Tomos – 07/09/2016

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  1. Community Resilience Engaging citizens to take action.  Safeguarding Community Assets via Community Crowd Funding Ideas Example of a Community Asset Share Certificate Cris Tomos – 07/09/2016

  2. Community Initiatives • Crowd Funding Ideas • Local Cooperative Share offers options • Community – Peer to Peer loans • 4. Income Generation and Sustainability

  3. Community Resource Centre Crowd funding for new chairs £1,800 - £15 a chair to be funded - Draw up a list on the website and enter the names of the locals who have supported. • Paper copies of the list around each house-hold • Gift Aid the donations.

  4. Community Resource Centre Share Offer September 2007 Community Cooperative PLANED - Engagement • £120k purchase price • £60k deposit needed by March 07 • Co-op UK helping with IPS • £55k raised • CFAP Bid of £180k

  5. Social Investment Tax Relief (SITR) Enterprise Investment Scheme (EIS) 30% Tax Saving for investors

  6. Community Finance & Tackling Child Poverty West Wales Credit Union Financing new Social Enterprises • 2100 members £915,000 savings • Health and Wellbeing - LHB • Child Poverty & Food Bank • Kids Saving £185,000 @ 1.5% www.wwcu.co.uk

  7. New Resource Centre Energy Efficient Timber Frame Funding Secured for Exterior • CFAP = £196k • Toolkit = £75k • Shares = £55k • Reserves = £50k TOTAL = £375k Interior – application The Big Lottery £249k

  8. Cymdeithas Cynnal a Cefnogi Cefn Gwlad - 4CG

  9. Overview Site Plan

  10. Community Finance Shareholders :- • Issuing of £250,000 shares @£200 each • Maximum £20,000 of shares per person • Maximum of one voting share per person • Dividends for each share. • Committee appointed by shareholders to manage organisation. • Voting power on share scheme • Credit Union 5 year loans to purchase shares - affordable to everyone

  11. Phase 1 Development Assistance from Wales Coop to engage Jim Brown of Bristol to advise on best model and share offer prospectus. IPS model. Community Benefit Cooperative

  12. Phase 1 Development • Purchase of Pwllhai site for £357K • £180k loan from Lloyds TSB • 0.72 acres • Planning permission for parking • Clear site for car parking – 80 cars • Install parking meter(s) • Rent out cottage • Employ car park attendant • Develop the shops • New Sub Committees – Renewables, marketing, Shops.

  13. Shareholders and Volunteers

  14. 2012 Developments • Purchase of the old court house and the old police station in October 2012 • Share Issue £70,000 • Credit Union Support • Expansion of West Wales Credit Union • Community Energy - Solar

  15. Seedcorn Enterprise Investment Scheme (SEIS) - 50% Tax Saving for investors

  16. Community & Social Personal Loans Scheme Loans agreement

  17. 4CG Community &Social Personal Loans 34 lots of £5000 giving fixed 4% for 3 years – Target of £270,000 6 months notice Interest paid monthly £185,000 of expressions of interest returned in 10 days. MAY 2015 - £310,000 raised!

  18. Community Finance and Social Benefit catalyst for future developments • Safeguarding Community Assets via Community Shareoffers A grassroots solution to social enterprise development. Financed by community shareholders assisted by Credit Unions – the community owned banks. Grants and local loans mix to complete projects. MUST HAVE A REGULAR INCOME TO REPAY LOANS AND INTEREST DIOLCH YN FAWR IAWN – THANK YOU Cris Tomos – 07974 099738 cris@cwmarian.org.uk

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