In exceptional circumstances we will accept applications for equity match of up to £100,000 from community businesses that are about to launch (in less than 3 months), or have already launched their share offer.
This may include societies making an open offer or re-opening a time-bound offer.
We expect these societies to already have been awarded the Standard Mark for their offer.
Pathway 3 applications should be accompanied by the full and final share offer documentation and the Standard Mark initial and final assessments.
Successful Pathway 3 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.
We reserve the right to use your share offer for training purposes, which may include allocating you a trainee practitioner, and subjecting your offer to peer review by other practitioners.
The award of equity match is not conditional upon, or guaranteed by, the award of the Standard Mark.