|COMMUNITY SHARE OFFER
The future of Frome starts with us
We need to raise a minimum of £900k through community shares to help bring Saxonvale into community ownership.
Alongside £1.2m already committed through the Resonance Community Developers Fund, creating a minimum £2.1m funding package, backing a serious community-led bid for the site.
What happens in Saxonvale will shape the future of our town for generations. It has the opportunity to showcase what community-led development can look like for towns across the UK.
|KEY DETAILS
Community Share Offer
Investment TARGET
Minimum community raise
£900k
Secured funding*
£1.2m
Total Min. funding package
£2.1m
* £1.2 million already committed through the Resonance Community Developers Fund, backed by the Ministry of Housing, Communities and Local Government.
Investment levels
Minimum
For pre-registered supporters
£250
Maximum individual
£50k
Maximum organsation
£100k
Investment PERIOD
Private priority access
For pre-registered supporters
3 June
Public launch
8 June
Share offer closes
10 July
Become a member of the Mayday Saxonvale Community Benefit Society and help bring Saxonvale into community ownership.
Help shape the future of our town. Every member has one vote, regardless of investment size.
Earn Interest. Target return of 5% interest per annum and may request withdrawal of shares from Year 5 onwards. (Not guaranteed.)
Community shares are a high-risk investment.
You could lose some or all of your money.
Backed by £1.2 million. Secured social impact lending through the Resonance Community Developers Fund.
Mayday Saxonvale Community Benefit Society. Registered with the Financial Conduct Authority and is a member of Co-operatives UK.
Secured grant funding support. Through the Reach Fund and Community Shares Booster Programme
Awarded the Community Shares Standard Mark. Recognising that our share offer meets national standards of good practice.
This share offer gives us the chance to do better. Not just a different plan for this site, but a different way of doing development altogether. One that keeps long-term value in our community.
|YOUR QUESTIONS ANSWERED
FAQs
What happens if Mayday doesn’t secure the site?
If our bid is not accepted by Somerset Council, investment funds will be returned.
Is my investment protected?
No. Community shares are a high-risk investment and you could lose some or all of your money. This investment is not protected by the Financial Services Compensation Scheme (FSCS).
Will I earn interest on my investment?
The Society is targeting up to 5% annual interest, but this is not guaranteed and depends on the success of the project.
Can I get my money back?
Investors can request withdrawal of shares from Year 5 onwards, subject to Board approval and available funds. Community shares cannot be sold or traded.
What do investors receive?
Investors become members of Mayday Saxonvale Community Benefit Society with one vote regardless of investment size, plus the opportunity to help shape the future of Saxonvale.
Why community ownership?
Community ownership means long-term value can stay rooted in Frome, with surpluses reinvested into the site and future community benefit rather than extracted for private shareholders.
Who can invest?
Anyone aged 16+ can invest, including individuals, companies, charities and community organisations. International investors can also invest (excluding USA and Canada residents). While the project is rooted in Frome, anyone eligible can invest and support a national model for community-led development and local ownership.
|THE TIME IS NOW
Be a part of what happens next
It’s our town. Our Saxonvale. Let’s own it.
Fill out below form to access our share offer documents straight into your inbox as soon as they are available. You will also receive access to our private investment period, with no obligation.
Please allow a few minutes for the email and documents to arrive. If you do not receive anything, please check your spam or junk folder. If you experience any problems accessing the Share Offer or Business Plan, please email info@maydaysaxonvale.co.uk and we’ll be happy to help.
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Community shares are a high-risk investment. You could lose some or all of your money. Please read all the documents before investing.