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Membership Share including 3% banking fee. (click on image to purchace)
Community Shares – How They Work at LECE
Loch Ewe Community Enterprise (LECE) is registered as a Community Benefit Society (CBS), which means we can raise long-term, community-owned capital through the sale of Community Benefit 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Withdrawable, Not Tradable: Shares cannot be sold or transferred, but may be withdrawn at the Board’s discretion if doing so does not harm the society’s financial stability.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 out-with 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.
There is a 3% Handling charge for online orders, to avoid this contact us directly to arrange a fee free bank transfer.
Financial Risk Warning – Community Shares
Community Shares are a long-term, risk-bearing investment in a Community Benefit Society. They are not the same as shares in a limited company, and it is important that all prospective members understand the risks before purchasing.
Please read the following carefully:
Your capital is at risk. Community Shares are not covered by the Financial Services Compensation Scheme (FSCS), and you may not get back the full amount you invest, with no recourse to the Financial Ombudsman Service.
Shares cannot increase in value. They may be withdrawn at the discretion of the Society’s Board, subject to the financial performance of the Society, but they cannot be sold, transferred, or traded in any secondary market.
Returns are not guaranteed. Any interest offered on shares is variable, non-cumulative, and dependent on the financial success of the Society. Interest will only be paid if the Board considers it prudent.
This is a long-term investment. You should view Community Shares as a way to support a community project for social good, rather than as a short-term financial investment.
You should not invest more than you can afford to lose.
The Board may restrict or suspend withdrawals if doing so is necessary to protect the financial stability of the Society.
By purchasing shares, you confirm that you have read and understood this notice and that you accept the risks involved.
Community Shares – How They Work at LECE
Loch Ewe Community Enterprise (LECE) is registered as a Community Benefit Society (CBS), which means we can raise long-term, community-owned capital through the sale of Community Benefit 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 out-with 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.
There is a 3% Handling charge for online orders, to avoid this contact us directly to arrange a fee free bank transfer.
Financial Risk Warning – Community Shares
Community Shares are a long-term, risk-bearing investment in a Community Benefit Society. They are not the same as shares in a limited company, and it is important that all prospective members understand the risks before purchasing.
Please read the following carefully:
Your capital is at risk. Community Shares are not covered by the Financial Services Compensation Scheme (FSCS), and you may not get back the full amount you invest, with no recourse to the Financial Ombudsman Service.
Shares cannot increase in value. They may be withdrawn at the discretion of the Society’s Board, subject to the financial performance of the Society, but they cannot be sold, transferred, or traded in any secondary market.
Returns are not guaranteed. Any interest offered on shares is variable, non-cumulative, and dependent on the financial success of the Society. Interest will only be paid if the Board considers it prudent.
This is a long-term investment. You should view Community Shares as a way to support a community project for social good, rather than as a short-term financial investment.
You should not invest more than you can afford to lose.
The Board may restrict or suspend withdrawals if doing so is necessary to protect the financial stability of the Society.
By purchasing shares, you confirm that you have read and understood this notice and that you accept the risks involved.