Investing in B4RN is something each person must assess for themselves and the members of the Levens B4RN project group can offer neither advice nor recommendations about this.
In order to connect there is no obligation to invest.
B4RN works by raising investment funds from each community who wishes to join the network. Investing in B4RN is something each person must assess for themselves and the members of the Levens B4RN project can offer neither advice nor recommendations about this.
B4RN is a non-profit ‘community benefit’ society. Its running costs are easily sustained and its profits can only be distribut-ed to the community. Visit the B4RN website at https://b4rn.org.uk/b4rn-community/investors/ for full details on investment. The following is B4RN’s summary:
Minimum shareholding £100 / maximum £100,000.
All shareholders are members of B4RN. One member one vote.
Shares must be held for a minimum of 3 years.
Individual investors can claim 30% tax relief (HMRC Enterprise Investment Scheme).
After year 3, interest of 5% can be paid out or reinvested.
Some shareholders choose to invest £1,500 and claim free connection worth £150.
Shares can only ever be sold back to B4RN at £1 each.
Loans to B4RN – Loans paying 4% compound interest at the end of a 5 year term are available to supporters of B4RN, by application to Monica (email@example.com). These are more applicable to those who do not pay income tax and so cannot benefit from the EIS tax-rebate, and for companies that wish to invest in B4RN.