Frequently Asked Questions
What is a Community Share Offer?
A community share offer is a way for residents to invest in a local project, such as a village pub. By purchasing shares, individuals become co-owners and can have a say in the management of The Ivy.
Why is The Ivy Important to Heddington?
The Ivy serves as a vital social hub, offering a space for community gatherings, local events, and supporting local jobs. Reviving or sustaining the pub helps preserve the village’s heritage and social fabric.
How Much Money Are We Aiming to Raise?
We aim to raise £750,000 to purchase, renovate, and relaunch the pub. This sum will also cover costs such as building repairs, licenses, and initial operating expenses.
How Much Can I Invest?
Residents can invest from as little as £100 to a maximum of £20,000. The aim is to make the offer accessible to as many people as possible while raising the necessary funds.
What do I Get in Return for My Investment?
Investors receive shares in the pub, giving them partial ownership. While the primary return is supporting the community, investors may eventually receive interest on their investments if the pub ultimately makes a profit. We are also hoping to secure tax benefits for investors, though that will need HMRC approval and be subject to their rules.
Who Will Run the Pub?
The pub will be managed by a professional team with oversight from a board elected by the shareholders. This ensures both professional operation and community representation in decision-making.
What Happens if the Share Offer Doesn't Raise Enough?
If we do not reach our fundraising target, the project will not proceed as planned, and all investments will be returned in full to investors.
Can I Sell My Shares Later?
Community shares are typically a long-term investment. They cannot be traded like conventional equities, but in some cases, they can be sold back to the society or transferred with Management Committee approval. Under our rules it will not be possible to apply for investments to be returned for at least three years, and even then applications will be subject to the Management Committee’s approval and any HMRC rulings that may apply.
What Are The Risks Involved?
As with any investment, there is a risk that you may not get your money back. However, because this is a community-focused project, the primary aim is sustainability rather than high financial returns.
How Can I Participate or Learn More?
You can participate by purchasing shares through our official share offer when it becomes active. For more details, and to keep up to date with all developments, please tell us you want to stay updated.
These FAQs aim to provide clarity and encourage informed participation from local residents.
If you have any other questions, then please contact us using this form.
