Community Shares – How They Work at LECE
Loch Ewe Community Enterprise (LECE) is registered as a Community Benefit Society (CBS), which means we raise can long-term, community-owned capital through the sale of Community Shares. These are not like ordinary company shares—they are designed to protect community ownership and ensure that our assets always serve local people.
Key Features of LECE Community Benefit Shares
Affordable and Accessible: Shares are £5 each, with a minimum purchase of two shares to become a voting member. This keeps membership open to as many local people as possible.
One Member, One Vote: No matter how many shares you hold, every member has an equal say. Ownership is democratic, not based on financial power.
No Profit Distribution: LECE does not pay dividends. Any surplus is reinvested back into community projects, facilities, and local economic development.
Withdrawable, Not Tradable: Shares cannot be sold or transferred, but may be withdrawn at the Board’s discretion if doing so does not harm the society’s financial stability. This ensures long-term protection of community assets.
Mission-Locked: LECE’s constitution and CBS rules ensure that assets are permanently dedicated to community benefit, including an asset-lock on wind-up.
Locally Rooted: LECE has two constituencies of members. Community members who reside in our community of benefit and supporter members who live outwit the area. All members have one vote but community members must always constitute a majority of members and Directors of the Society.
Why Community Shares Matter
By buying Community Shares, members become co-owners of local development projects, ensuring that decisions are made locally and for the long-term good of the area. It’s a practical way for the community to take control of its economic future—and a powerful statement that Wester Ross belongs to the people who live and work here.
You can find the society rules including share rules registered here with the Financial Conduct Agency:
There is a 3% charge for card payments for shares, to avoid this fee contact us directly to arrange a fee free bank transfer. We strongly recommend purchasing via direct bank transfer if purchacing a large amount of shares to avoid fees.
