EIS and SEIS Advance Assurance received

We’ve just got confirmation from HMRC that our application for Advanced Assurance of both EIS and SEIS has been successful. As a reminder EIS means that for most taxpayers you can claim 30% of your investment back against tax. In other words, if you invest £1000, you get a tax rebate of £300. You can also offset your investment against Capital Gains Tax. We have a limited number of shares also available which attract SEIS tax relief at 50% – so for £1000 invested you’d get £500 tax rebate. See the Share Offer Document for more details of these ‘Pioneer’ shares, which we expect to be fully subscribed very soon.

For a copy of the letter from HMRC see our Downloads page.

Applications start coming in

Following our launch earlier this week the first applications for membership of the co-op have started to come in by post, which is an exciting time for us! At the time of writing there are still Pioneer shares available, which will help us get the turbine deposit paid and which are designed to attract 50% SEIS tax relief. So if you haven’t downloaded a Share Offer Document yet then now’s the time – we can also send them out by mail on demand. And if anybody has any questions – please feel free to call us on the number below or email, we’re more than happy to answer any questions you have.

Share offer document available

Our launch event is now underway in Blairgowrie and our Share Offer Document is now ready to download:

Share Offer

Or contact us if you’d like us to send out a hard copy.

The Share offer will run until 9 June 2014. We’re anticipating a strong demand for membership. In particular if you are interested in applying to become a Pioneer please do send us an application soon as these early shares which are designed to attract SEIS tax relief are allocated on a first-come first-served basis. The remainder of the shares will be allocated at the end of the share offer period, with priority given to those local to the site.