Our mission is

We're a community land trust with a mission "to provide sustainable affordable housing, and workspace for community enterprises, in Somerset; promoting co-operative principles and equality of opportunity for the benefit of the community.”
We place tenants at the heart of our governance structure, so that the land trust is always accountable to its intended beneficiaries. At the same time, any Somerset resident can join and have a say in how the society is run. Read 'About us' to find out more.

Friday, August 1, 2014

We've made it - now the hard work starts...

The final total is still subject to a few adjustments and clarifications, but this will do for now: we have just squeaked through to £220,000 with the aid of Resonances community shares underwriting fund. In fact, the total will be more like £260,000 as Resonance have asked us to raise a slightly higher sum in order to provide a more comfortable cash flow: their contribution will be £125,000 of this. Thanks to everyone who joined, who liked our Facebook page, and especially to the awesome team of volunteers who are even now painting windows and fishing sludge out of drainpipes. Applicants should bear with us, as summer holidays will slow the usual process of issuing shares and confirming investments - but we'll get there soon. Meanwhile, the builders are hard at work creating homes for people that need them.