After helping many communities to raise finance we are now holding our own community share issue. We are inviting you to invest ICOF Community Capital (ICC) and help us make a positive change for workers, communities and the environment.
ICC is a loan fund set up to support the growing number of UK communities taking control and delivering local solutions to meet local needs, for example:
- saving their local pub or shop
- re-opening the local swimming baths
- creating employment for people with disabilities
- providing affordable housing solutions
ICC is a community benefit society set up in 1994 as a practical expression of support for the development of community enterprise. It was an idea ahead of its time. Today our approach is considered fundamental to regeneration and combating social exclusion.
ICC makes loans between £10,000 and £75,000. Loans of this size are becoming scarcer as even market leading social lenders find it more cost effective to make larger loans.
By providing appropriate finance our intervention and support is critical.
The loan fund revolves: in that every £1 that is repaid is £1 that is available to lend to another business. Since 1994 over £3.5m has been lent in this way.
ICC has been so successful that demand for finance, and the support that accompanies it, is outstripping supply. We need to raise more money.
To apply for shares in ICC please follow this link to our online application form.
Please follow this link to download the share offer document.