New community share offer will help vulnerable lives in Cornwall
Mustard Seed Property (MSP) has launched an exciting new share offer, which seeks to raise funds to develop additional housing that will provide urgent support for vulnerable adults with learning disabilities.
The latest share offer follows the first successful raise of £300,000 in 2007, which enabled MSP to buy an old bed and breakfast property, which positively changed the lives of five families. Another share offer was launched in 2018, this time raising another £350,000 enabling MSP to buy an additional property in Redruth.
This time MSP is looking to raise £600,000 from individuals and organisations to finance converting the recently purchased property in Redruth (into 3 flats plus 3 studios, with an additional shared communal space) as well as to purchase a third property for a new partner.
The offer has been launched on Ethex and full details and how to apply can be found by visiting the Mustard Seed Property section on their website https://www.ethex.org.uk/mustardseed2020
MSP is a charitable organisation with a track record as a robust commercial investor, having a decade of paying shareholders a financial return every year without fail and honouring all requests for withdrawal of funds by investors. So in addition to helping those who are less fortunate in Cornwall, investors could also benefit from a competitive target annual interest rate*. The minimum investment is £250.
Daniel Brewer, Director of MSP, said of the share offer “There are many people in Cornwall who have little ability to fend for themselves and are isolated from family or friends. Cornwall is their home and MSP was set up by people in the county intent on providing the right space for individuals who need it to flourish”
*Annual interest is paid at the discretion of the directors of MSP and is not guaranteed. You should remember that your capital is at risk
The Share Offer is available here
Please apply through Ethex at https://www.ethex.org.uk/mustardseed2020
Or you can download the application form here
Supporting documents available:
- Investment Plan
- Accounts for the financial year to 30 September 2019
- Rules of Mustard Seed Property Limited
- 2019 Social Impact Report, which you can download from our ‘Social Impact’ page