Big investment from Big Society Capital
By: Tony Pearce
Added: 08 February 2018
We are delighted to announce that Big Society Capital has invested £100,000 in shares (repayable in 2027) in the Bovey Paradiso project.
Big Society Capital was established to improve the lives of people in the UK by connecting investment to charities and social enterprises that are creating social change. The conditions for Bovey Paradiso to achieve this investment from their Crowd Match Fund were:
- having our share offer approved for the Standard Mark (which says that the documentation is honest and fair to investors);
- having the shares marketed by Ethex; and
- having raised over £100,000 of SITR-eligible investment.
This brings the total invested so far in the Bovey Paradiso project to over £416,000 including the £100,000. We would still like to raise another £84,000 by the end of February when the share offer will close.
Investors in Bovey Paradiso benefit from SITR – Social Investment Tax Relief – which means that they receive 30% tax relief on their investment. The shares are expected to pay 3% per year interest, which when tax relief is taken into account, means a return of 4.3% interest.
You can invest today by clicking here.
More news
-
Autumn Raffle Draw
The draw for the grand Paradiso Autumn Raffle took place on Saturday 30th November with the winning tickets drawn by Cllr Sheila Brooke, Town Mayor.
-
Fantastic Prizes in our Autumn Raffle
Please support Bovey Paradiso Arts, our community arts centre, by purchasing tickets for our Autumn raffle.
-
Artist of the week - Sarah Hoskins
Saturation Point The current exhibition in the gallery highlights how artists use colour in their work, from subtle pastel shades to full saturation, a fascinating exploration of this critical element in creating art.
-
Gallery Opening Times!
The Gallery at Paradiso is delighted to announce new opening times from 1st August.
-
Our Lucky Competition Winners
Congratulations to Sue and Robert Springthorpe who won our Craft Festival competition prize a two night stay at the Rock Inn, Haytor and had a great time - "We had a wonderful stay, it is a lovely little Inn with great food and comfortable rooms.
-
Craft Festival - Prize Winners!
Craft Festival - Competition Winners! Thank you to everyone that visited us at the Craft Festival at the weekend.
-
Meet us at the Craft Festival
We look forward to welcoming you to our stand at the Craft Festival Bovey Tracey on Friday 7th to Sunday 9th June.
-
Green Man Raffle!
We're pleased to announce that our raffle at the Green Man Spring Festival on Saturday 27th April was a great success, we really appreciate everyone's support! Congratulations to all our prize winners, paticularly the first prize winner who won a cream tea for two at Bovey Castle.
-
A CALL OUT TO ARTISTS...THE LINE,THE FORM
The Gallery at Paradiso is curating a show in February called: "THE LINE, THE FORM" and we are inviting artists to submit some artwork for this.
