Investments in B4RN Shares are made up of £1 Ordinary Shares. Share investments not only help to finance our project in the community, but they also have a tax advantages and will pay interest after they have been held for three years. In summary: -
- The minimum Shareholding is £100/Maximum £100,000.
- Shareholders are members of B4RN—one member one vote.
- The shares must be held for a minimum of 3 years.
- Individual Investors can claim 30% EIS tax relief. (HMRC Enterprise Investment Scheme).
- After 3 years, interest of 5% can be paid out or reinvested.
- If you invest £1500 the £150 connection fee is waived.
- Investment in B4RN is a private arrangement between you and B4RN.
- Your investment will be allocated to the specific area you request.
- Shares can only be sold back to B4RN at their nominal value of £1 each.
B4RN also currently accept a limited number of 5 and 10 year loans from the community. These loans are currently paying 4% interest.
Applications to make loans should be made directly with B4RN. Contact Monica Lee at Broadband for the Rural North Limited, Station Yard, Melling, Lancashire, LA6 2QY. Tel: 01524 555887