9.7 Interest Rates
We are exploring the option of a range of interest rates for community shareholders - ranging between 0% and 3% at the choice of the shareholder. How would this fit with the Booster equity share investment process?
The Booster Programme is committed to investing on “pari-passu” or equal terms with community investors: where as you are proposing investors are offered a choice about levels of desired return the Booster Programme would exercise its right to make such a choice on any investment offered taking a whole range of criteria into consideration. The Booster Programme would not necessarily offer to match the interest option of shareholders opting for no or lower returns.
When you say matched funding, up to £100K, what are the interest rate and terms?
The Booster Programme is committed to investing on “pari-passu” or equal terms with community investors. Therefore, the terms and interest rates state in your share offer document would be the same for the Booster Programme investment as for other people who are investing from your community,