Share

DCLG to fund expansion of community investment project

DCLG to fund expansion of community investment project
News

DCLG to fund expansion of community investment project

Governance | Kirsty Weakley | 20 Jun 2012

A community investment initiative which is run by Locality and Co-operatives UK is set to expand as it launches the Community Shares Unit project later this year.

Funded by the Department for Communities and Local Government, the project aims to build the market for a community shares model through a three-year project that will offer guidance, advice and market intelligence, working with stakeholders and government in one centralised hub.

A steering group made up of individuals from government, regulatory, co-operative and community sectors will oversee the unit.

The plans for the unit were revealed by documents released with a job advert recruiting a programme leader to run the Unit. Between 2012 and 2015 the unit hopes to support more than 500 social ventures by launching more than 200 share issues.

The two organisations jointly ran the Community Shares research project into community investment between 2009 and 2011. This looked at how the sale of bonds in enterprises serving a community purpose with the aim of raising at least £10,000 from no fewer than 20 members.

So far the organisations are aware of 250 enterprises that have, or plan to have community investment initiatives to raise funds to buy local resources. These include taking over football clubs and buying community shops.

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

CFG spends three-quarters of free reserves on restructure

21 Aug 2014

Charity Finance Group raided its free reserves to the tune of £187,510 last year to carry out a change...

Uniformed youth groups benefit from £10m in bank fines

21 Aug 2014

The Scouts and Guides are among those who will benefit from the new £10m Uniformed Youth Social Action...

Awema charity boss claims he paid back £100,000 and denies dishonesty

21 Aug 2014

A former charity boss accused of fraud said he paid back more than £100,000, and denies any wrongdoing,...

Big Lottery Fund reviews process for soliciting bids

22 Aug 2014

The Big Lottery Fund is reviewing the practice of soliciting bids for projects, such as its £1m grant...

Legacy income sees fastest quarter of growth

22 Aug 2014

Legacy income rose by 9.7 per cent in the 12 months to 30 June 2014 compared with the same period last...

NTT hits back at Dispatches investigation

22 Aug 2014

Telephone fundraising agency NTT has hit back against the Channel 4 investigation on telephone fundraising...

Macmillan: We did not hijack #icebucketchallenge

21 Aug 2014

Macmillan has hit back against accusations on social media that it has hijacked #icebucketchallenge, saying...

Smart wristbands aim to increase charity giving

20 Aug 2014

A new wristband that will enable people to make faster donations with just a tap of a smartphone, is...

National Trust to develop new website in £2m digital upgrade

15 Aug 2014

The National Trust has budgeted £2m to update its digital services, including a new website and mobile...

Join the discussion

Twitter
 
Training

Attending our one day courses is a highly effective way of ensuring new and existing trustees fully understand their role, responsibilities and liabilities.

>> Find out more <<