Community investment

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New UK guide to Community Investment to be published - Community Investment - using Industrial and Provident Society legislation

The most comprehensive guide to undertaking community share issues to date will be published at the end of September 2008. Commissioned by Co-operatives UK, Jim Brown's book, Community Investment - using Industrial and Provident Society legislation, is an overview and practical guide for activists, advisors and professionals.

From the Old Crown pub to the Phone Co-op, from Westmill Wind Farm Co-operative to Fordall Farm and to raft of village and community shops: all these have used Industrial and Provident Society (IPS) legislation to raise significant sums of money and empower and engage their member owners.

Since 2005 there has been a doubling in the number of community investment initiatives which have used IPS legislation to offer their communities the opportunity to invest in share capital. Community investment is about people investing their savings in community projects. More than £47 million has been invested by over 65,000 people.

IPS legislation has a number of unique features, which makes it a highly appropriate vehicle for establishing and developing sustainable community-led enterprises. These features are neither well known, nor well understood, by those promoting and developing social enterprises.

The 38-page book gives an overview of this grassroots movement, describes how it's been done and how to do it. Developed in close liaison with the Financial Services Authority, this is the first authoritative overview and guide.

This is essential reading for the business development and regeneration professional and for those many activists who want to make a difference in their community.

Community Investment will be published at the end of September 2008 for £15 including packaging and postage. To order a copy, please contact Laura Chillag at mailto://laura.chillag@cooperatives-uk.coop or telephone +44 161 246 2953.

PDF download: http://www.cooperatives-uk.coop/live/images/cme_resources/Public/Community_Investment_using_IPS_legislation.pdf.pdf

Source: Office of the Third Sector In the Spotlight http://www.cooperatives-uk.coop/live/welcome.asp?id=2397