5.4 Pathway three: Live offers
In exceptional circumstances we will accept applications for equity match of up to £100,000 from community businesses that are about to launch, or have already launched their share offer. This may include societies making an open offer, and societies reopening a time-bound offer. We would expect these societies to already have been awarded the Standard Mark for their offer.
Pathway three applications should be accompanied by the full share offer documentation and the standard mark initial and final assessments. Successful Pathway Three applicants will be made an equity match offer. Our offer letter will detail the terms and conditions of the equity match, and in some cases, may require you to engage in promotional activities associated with the equity match. It will also set out the terms and conditions applying to Co-operatives UK’s role as the active investor and shareholder in your society.