The offer

Ovesco Limited is a not-for-profit organisation set up as an Industrial and Provident Society for Community Benefit (IPS) to enable community investment. It provides an opportunity for local people and organisations to contribute financially to the community with the expectation of both a social dividend and a financial return.

 

Individuals and organisations can invest between £250 and £20,000. The maximum limit does not apply if the member is an Industrial and Provident Society. Your investment will make you a full voting member of Ovesco Limited and provide working capital for the first two years of trading and beyond.

 

We expect to be able to pay interest of 4% from the third year of operation after the date on which the array starts to generate. The interest that you receive will depend on how much you have invested, and assumes that all will go as planned.

 

We plan that your investment will be returned to you in full 25 years from the date on which the installation starts to operate unless you have withdrawn it before then.

 

If you prefer, you can make a donation or a loan to Ovesco instead. We will not pay interest, but will make an individual agreement with you on the terms of the donation or loan. The donation option may be attractive in combination with registration for the Enterprise Investment Scheme for all tax payers, and particularly those paying the higher rate of income tax.

 

 

Read about the share offer, click here to download the PDF Download PDF

 

Click here to download the application formClick here to download the application form

 

Profit and Loss spreadsheet, Click here to download the  PDF Download PDF

 


 

 

 

 

 

 

 

 

 


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