Community Resilience Engaging citizens to take action Safeguarding

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 1. Crowd Funding Ideas 2. Local Cooperative Share offers options 3. Community – Peer to Peer loans 4. Income Generation and Sustainability

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.

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

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

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

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

Cymdeithas Cynnal a Cefnogi Cefn Gwlad - 4 CG

Overview Site Plan

Community Finance Shareholders : • Issuing of £ 250, 000 shares @£ 200 each • Maximum £ 20, 000 of shares person • Maximum of one voting share 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

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

Phase 1 Development • Purchase of Pwllhai site for £ 357 K • £ 180 k 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.

Shareholders and Volunteers

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

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

Community & Social Personal Loans Scheme Loans agreement

4 CG 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!

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