Funded by Power to Change and Access – the Foundation for Social Investment. In partnership with Locality
Booster Fund – application guidance
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Terms and conditions of equity investment

  • Booster Fund equity is made as investment in withdrawable, non-transferable share capital into the community business

  • The equity will be held either by Co-operatives UK and/or our partner Community Shares ICOF (CSI). The society will be sent an offer letter from the relevant investor(s); Co-operatives UK and/or Community Shares ICOF

  • Booster Fund investment is on the same terms and conditions as outlined in the society’s share offer document, and on equal terms with other community investors

  • Individual investment by either Co-operatives UK or Community Shares ICOF will not exceed 50% of the society’s overall withdrawable share capital, so that neither becomes a majority shareholder in the society

  • The share offer must meet its minimum investment target (which can include the agreed Booster Fund equity match from Co-operatives UK and Community Shares ICOF)

  • If your share offer is successful in meeting its targets from community investors, the Booster Fund investment can be ‘crowded out’, with priority given to applications from community members

  • Booster Fund equity can only match community investment from individuals and local organisations – it cannot be used to match other institutional investment (i.e. where an investment is above the maximum individual shareholding limit stated in the offer document and/or is subject to its own terms and conditions)

  • Any requests by Co-operatives UK and/or Community Shares ICOF for share withdrawals will be limited to the same maximum amount that any other member may request