Community Shares issue successfully raises £122,666!
A HUGE thank you to everyone who invested in the Old School Share Offer.
We met our minimum target of £120,000 and the offer closed on the 31st July 2017.
We are delighted that so many of our shareholders are local Wolverton people, supporting Wolverton’s first co-operative owned building.
Ethex will be in touch with all those who have invested within the next 4 weeks, and we should be issuing share certificates towards the end of September 2017.
Community Shares offer for the Old School Project, Old Wolverton Lauched – 3rd May 2017
Working in partnership with Slated Row School, Future Wolverton has launched a Community Share Offer to support the Old School Project in Old Wolverton.
The Community Share Offer Document is available HERE.
Investments can be made online via https://www.ethex.org.uk/oldschoolwolverton
Finding out more
If you would like to find out more about what it means to buy community shares, there are a series of drop-in events planned for May and June 2017:
Thursday 4th May – 10am to 11am, Old School, Old Wolverton
Monday 8th May – 7pm to 8pm, Foundation House, The Square, Wolverton
Saturday 13th May – 10am to 11am, Old School, Old Wolverton
Thursday 18th May – 7pm to 8pm, Old School, Old Wolverton
Monday 22nd May – 7pm to 8pm, Foundation House, The Square, Wolverton
Monday 5th June – 7pm to 8pm, Foundation House, The Square, Wolverton
Saturday 17th June – 10am to 11am, Old School, Old Wolverton
Background to the project
The Old School is a Grade 2 listed building located in the heart of the community of Old Wolverton.
Future Wolverton completed purchase in the middle of April 2017, and have already secured planning permission to bring it back into use as a Community Centre and Guest House.
The uniqueness of our project is that both the Community Centre and Guest House will be run by young people from Slated Row School. This work experience will allow them to develop work related and independent living skills, broadening the opportunities available to them once they leave school.
Why are we launching a community share offer?
To make this a reality we need help from local people to raise £200,000 towards the extensive refurbishment work required.
We are therefore inviting local people, and those beyond Milton Keynes who support the project, to contribute by buying “community shares”.
Community shares are a withdrawable form of investment, which attracts a financial return. You can invest as little as £50 to support the project, and we are hoping to offer a 2% return on any money invested from 2021.
Becoming a member of Future Wolverton
Anyone investing in the share offer will automatically become a Future Wolverton Member.
Membership of Future Wolverton obtained through the Old School Community Shares Offer is open to individuals over the age of 16, corporate bodies, and associations who support our objectives and is on a one Member, one vote basis irrespective of size of shareholdings. A minimum shareholding for the community shares offer is £50 and a maximum of £10,000.
Existing members have a shareholding of £1, and anyone wishing to join Future Wolverton after the share offer is closed on the 30th June will revert to a £1 shareholding.