Invest in ‘A Commune in the North’
In the next 3 years we’re looking for investment called loanstock, from a minimum of £500 to a maximum of £50,000.
We’ll use this loanstock to:
◆ Get equipment for businesses & large-scale food processing (counters, storage racking, refrigeration, etc)
◆ Cover overheads for a year, while we build up sales
◆ Buy and do up another house for more peopleWhat is ‘loanstock’?
It’s an unsecured loan,with a fixed interest rate, paid back in a lump sum after an agreed amount of time, typically 2-15 years.
Do I get interest?
Yes, if you choose to – we offer rates between 0% and 4%.If you choose a lower interest rate, it’s the equivalent to giving us the interest you would otherwise get from a bank each year.
What does ‘unsecured’ mean?
It means we don’t offer ‘collateral’, you can’t take our gear to cover the debt. In the event that things go wrong, we would sell our gear and houses ourselves to pay you off.
We’re aiming to raise a lot!
2025: £160,000
2026: £190,000
2027: £150,000We’re ambitious and we aim to build thriving businesses, the profits from which will go to pay off loans.
Why not borrow from a bank?
We probably will also borrow from banks.
However:
◆ Not many banks will lend for co-operatively-owned housing and those that do ask for interest rates and repayment periods that are unaffordable
◆ We’d rather pay interest to friends and supporters than to the banks
◆ We want to be held accountable to our community
If you would like to invest in what is currently one of the most exciting and ambitious projects in the UK, then contact us via acommuneinthenorth@riseup.net or text/call 07955 332755. If you know somebody who would like to invest or you would like to spread the word, then contact us for a bundle of leaflets. You can also support us with a good old fashioned, no nonsense donation. Just get in touch via email or phone. And if you’re skint there are many other ways to get involved!..
