Zion's 2022 Community Share Offer
Why is Zion launching a Community Share Offer?
Jess who has owned and run Zion Bristol Ltd as a Social Enterprise for over 10 years is stepping down from her role this year. She is offering the community the opportunity to purchase this privately-owned building and save the space for future community use, opening up more opportunities, more input from the community and access to funding. If the building is not purchased by the community, it will be put onto the private market and the community space could be lost forever.
What are Community Share Offers?
Community Share schemes are a great way of funding projects that benefit the community. They enable communities to invest in projects that matter to them and can be used to save local shops, sports clubs and pubs, and to transform community facilities. Anyone can choose to invest in Community Shares and each investor is given a say on how the community project is run.
How can I invest in Zion’s future?
We believe a Zion Community Share Offer will safeguard our amazing community space for the future and it will also enable us to create the best-loved, community-owned venue in Bristol.
Our Community Share Offer is now open to investors and will close on 10th June 2022. Anyone can buy shares, become a member and enjoy a vote on important issues that involve Zion at twice yearly meetings. It’s one member, one vote, so you will have a say, no matter the size of your investment.
Zion is a high-ceilinged former chapel and even bigger than it looks from the outside; hence, it’s got huge potential. At the back of the current community space is a residential part, which could be used for new and exciting community activities – and to generate income. By purchasing the building, community members will have more space, more flexibility and more say about the things they want to see happening at Zion. The opportunities are endless.
If the Community Share Offer is successful, Zion will be owned by the community. It will be run day-to-day by staff but will be guided by the Trustees and all members who invest and get involved.
How much do I need to invest and what are the risks?
We want to encourage as many members as possible to invest in Zion and, therefore, the minimum shareholding is low. You can invest a minimum of £50 if you live in BS13 and are in receipt of benefits. Otherwise the minimum investment is £100 and the maximum is £29,930.
A comprehensive set of terms and conditions are detailed in our Community Share Offer brochure – you’ll find it attached as a pdf at the end of this page.
In the event that we do not reach our minimum target, we will not proceed with our Community Share Offer. No shares will be allocated and any money committed by our investors will be returned.
Important: You need to be aware that any money you invest in community shares is fully at risk. You could lose some or all of your money if the society gets into financial difficulties. Community Share Offers are exempt from, or outside the scope of, statutory regulations that apply to the public offer of shares and other financial promotions. Applicants have no recourse to the Financial Services Compensation Scheme or the Financial Ombudsman Service.