New Community Shares project helps people invest in local services and facilities at the heart of their community
The Community Shares Wales Resilience Project will establish a thriving and resilient Community Shares market in Wales, led and supported by community members working together to safeguard their local services, assets and facilities for the future.
See this page in: Cymraeg
Funded by the National Lottery Community Fund and delivered by the Wales Co-operative Centre, the project follows on from the initial Community Shares Wales programme which supported 10 communities to run a Community Share scheme to save a local asset or develop a new service. £2.3million was raised through these schemes and an additional £4.1m of funding was levered in as a result.
Why Community Shares?
Community Shares can save local shops and pubs, finance renewable energy schemes, transform community facilities, support local food growing, fund new football clubs, restore heritage buildings, and build stronger, more vibrant and independent communities.
- Community Shares are an ideal way for communities to invest in enterprises serving a community purpose.
- Investors have the satisfaction of knowing they have helped transform their communities.
- Investors have a democratic say in how their scheme is run. Shareholders have one vote each, regardless of their shareholding.
- Investors have the potential to make a return on their investment.
- Investors could trade volunteer hours on the project for shares.
- Community Shares help build strong independent communities.
- They help fund projects which might struggle to find traditional forms of investment.
About Community Shares Wales
The Community Shares Wales Resilience Project seeks to upskill local communities and community champions to create sustainability and a legacy for Community Shares in Wales to thrive and grow. It will provide direct support and advice to groups looking for investment in community assets. It will also provide training to people to become accredited Community Shares practitioners, so that more groups have access to support at a grass roots level in the future. In addition, it will create a network of Community Shares champions to help raise awareness of this investment option.
Project Manager Claudia Limpert, an accredited Community Shares practitioner, said, “A huge amount has already been achieved and there is now significant momentum behind Community Shares in Wales. There is still work to be done to enhance and build strength and resilience of the sector. The funding from the National Lottery Community Fund will enable us to deliver support across all of Wales and generate investment into some of the most deprived communities – creating jobs in rural areas, and creating services and assets in communities which are losing them.
“We have specifically designed the project to empower those that are engaged in Community Shares to take ownership of the project. By implementing a peer-led scheme, further encouraging the growth of accredited practitioners and by establishing support networks, we aim for the project to end with a self-sustainable legacy.”
If you would like to know more about Community Shares Wales, please call 0300 111 500 or go online at https://wales.coop/community-shares-wales/
“Funding from the National Lottery Community Fund will enable us to deliver support across all of Wales and generate investment into some of the most deprived communities, creating jobs in rural areas, and creating services and assets in communities which are losing them.”
Claudia Limpert, Project Manager