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 purchase a property that will provide urgent support for vulnerable adults with learning disabilities.
The latest share offer is off the back of MSP successfully raising £300,000 in 2007, from local people, a charitable trust and a bank, enabling it to buy an old bed and breakfast property, which positively changed the lives of five families. This time MSP is looking to raise £600,000 from individuals and organisations to finance the purchase of at least one new property – most likely a small development of self-contained flats and studios for Karrek Community CIC, to support at least nine vulnerable people with learning difficulties.
The property being considered will be a cluster of shared accommodation, studios and one-bed flats in a complex with some communal living space for training and leisure.
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. So in addition to helping those who are less fortunate in Cornwall, investors could also benefit from a competitive target annual interest rate of 4.5%.* The minimum investment is £250 and is promoted on the crowdfunding platform Ethex at www.ethex.org.uk/mustardseed.
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. That need might be a permanent home or a bedroom for a few weeks, somewhere to train or simply a place to connect to others, and the MSP share offer will allow this to happen.”
Derek Thomas, MP for St Ives also commented on the news “I am excited to announce this new community share offer, as it is yet another great example of how residents of Cornwall get behind those less fortunate and make a real difference to the county they all call home.”
*Annual interest is paid at the discretion of the directors of MSP and is not guaranteed. The target annual interest rate is 3.5% for the financial years ending 30 September 2018 and 2019, increasing to a target annual interest rate of 4.5% for the financial year ending 30 September 2020.