The purpose of this guidance is to support societies to use community shares to improve their solvency as part of their response and recovery to the current Covid-19 crisis.
Community shares give community businesses additional solvency, compared with other businesses that are more reliant on debt finance. Your community and your members have a vested interest in the purpose of their societies, and will support measures to protect its employees, volunteers, assets and share capital.
Co-operatives UK has information on how insolvency reforms could help co-ops survive crisis. The sister guidance note to this Recovery Share Offer guidance is Guidance for societies facing financial strife.