Fund matching offer from Andrews Charitable Trust – helping us to achieve our target quicker
We are delighted to announce that for every £1 invested in Mustard Seed Property will now be matched by Andrews Charitable Trust (ACT) – getting us more quickly to the £300,000 target for a property which will provide long term housing for vulnerable adults with learning difficulties in Cornwall. This means that for every £1 invested, ACT will also invest £1, up to a maximum of £50,000, until the £300,000 target is reached.
Andrews Charitable Trust was established by Cecil Jackson-Cole, who was the original founder of Oxfam, andwhich owns 100% of the well known Estate Agency chain Andrews Property Group. Since they were founded in 1965, ACT have helped over 180 beneficiary charities, ranging from housing to health projects, both in the UK and Internationally.
Siân Edwards Executive Director of ACT commented “We are very excited to be involved with such an innovative housing solution to help vulnerable adults in Cornwall. The Mustard Seed track record has already shown that investing this way works! We love their commitment to supporting local charities, achieving social impact by encouraging local investors to help those more vulnerable in the community. Our fund matching offer will hopefully encourage more people to invest so that more vulnerable adults can be supported with homes that really meet their needs.”
Mike Lowe, Director of Mustard Seed Property said “It’s a fantastic offer from ACT and we are delighted to be associated with such a wonderful organisation, who have such a rich heritage in the property sector, and in supporting Charities and Social Enterprises. This fund matching offer, will hopefully provide the stimulus for even more people to invest in Mustard Seed Properties, knowing that their investment will be matched pound for pound by ACT ”.
Daniel Brewer, CEO of Resonance, the Corporate Finance Advisors to MSP “It’s an outstanding offer from ACT to get involved supporting this raise, their contribution should enable us to achieve our target more quickly, allowing MSP to begin the vital work of supporting the 9 vulnerable adults”
MSP aim is to invest in houses in Cornwall and the Isles of Scilly for use as supported accommodation for vulnerable adults and those at risk of homelessness. A six bedroomed house in Helston is now in use, with support provided by partner organisations such as St Petroc’s Society and Mustard Seed South West – separate charities specialising in support for vulnerable adults and those with learning disabilities.
The current fund raise, offers investors the potential to earn a 4.5% targeted return and allows them to invest from just £250. Their investment will help purchase an additional property, which will accommodate a further nine vulnerable adults in Cornwall.