Why do we need investment?
We now have the keys and are starting the refurbishment of The Swan. Due to the cost and time required, this will be completed in phases. The first phase will encompass the bar, toilets and the re-instatement of the main hall. Subsequent phases will re-instate the kitchen and then the bedrooms to allow the B&B to operate. Finally, the renovation of the outer buildings that offer a fantastic development opportunity for local small businesses.
What investment is required?
We've have a mortgage from a forward thinking bank specialising in community actions. Also we have Will Calvert and Richard Allen as main business investors. Other community members have also invested. However, finances are still tight and we are looking to raise a total of £250,000 to start the refurbishment so we can open.
What are the investment opportunities?
We ask you to consider what you can do further – and also pass on to anyone you know who might do so. Investments can be big or small, whatever you are comfortable with:
- As business investors:
- Currently Richard and Willie are the two business investors and directors of the Swan Clewer CIC but would co-opt a third director if they matched their funding, ethos and also took responsibility for providing and managing a significant revenue stream for The Swan. Due to their active involvement, business investors can't claim tax relief for their investment.
- As private investors:
- We have confirmation from HMRC that SITR applies (see below). Eligible shareholders will be able to claim 30% tax relief on your investment in shares. We plan that in future years, once we’ve completed all refurbishment, you’ll receive a dividend for that investment - so there may also be an opportunity for share value to appreciate. To encourage some to invest a little more we propose that investors with £10,000 or more equity should have a position on an Investors Board. We'd like this group to develop a consensus for how we develop the site and its investment / dividend policy. However, you can also be a shareholder with as little as £1,000 investment and still be invited to general meetings.
- By making a start-up loan:
- If you'd like to contribute less than £1,000 to the project we'd love you to do so - as a loan, which we'll repay with twice that value in goods and services from The Swan pub when funds allow.
- Through a charitable donation:
- Many have been inspired by the work that The Green Room School, a registered charity, does and how it's an integral part of the community hub at The Swan. If you or your business would like to make a charitable donation directly to the school to support its work at The Swan, the donation can be ring-fenced for that specific purpose. You can also receive Gift Aid, or Corporation Tax relief if done through your business. To make a donation, contact Richard Allen at firstname.lastname@example.org.
How do I invest?
You can make a contribution by bank transfer to our account, remembering to include your name on the payment reference so we know who you are. Payment should be to:
- Account name: Swan Clewer Community Interest Company
- Bank Name: NatWest Bank, 12 High Street, Windsor SL4 1LT
- Sort code: 60-24-12
- Account number: 88883833
Richard Douglas is overseeing contributions. Once you have made your investment, please email him at email@example.com so that he can merge contact and payment details.
Richard is our Honorary Treasurer. If you’d like to have a conversation with him before making your payment, or your circumstances have changed or you need to pay in a different way, contact him at firstname.lastname@example.org.
Are there ways of making this more tax efficient? YES!
We have confirmation from HMRC that Social Investment Tax Relief (SITR) applies to this project. Basically SITR is the government’s tax relief for social investment which encourages individuals to support social enterprises and helps them access new sources of finance.
Individuals making an eligible investment can deduct 30% of the cost of their investment from their income tax liability. The investment must be held for a minimum period of three years for the relief to be retained.
This will apply to eligible Shareholders in The Swan Community Interest Company. Investors will be receiving more information within six weeks of the purchase closure and receiving the keys.
More information can be found here: Social Investment Tax Relief.
In addition, charitable donations can be made directly to The Green Room to set up the facilities at The Swan for the on-site Graduate Scheme. All funds received by The Green Room will be used exclusively for this purpose.
Getting online retailers to donate to Supporting Our Swan
easyfundraising is the UK’s biggest charity shopping fundraising site. t's simple to use and it's free. Join easyfundraising and you can collect free donations for us every time you buy something online. It won't cost you a penny extra so please help us to raise funds.
The process is very simple:
- Get started: go to easyfundraising.
- Search for "The Swan in Clewer Village".
- Click on the "Support this cause" button in pink.
- Start shopping: visit retailers and then shop online as normal
- Raise donations: retailers will make a small contribution to The Swan.
Please note to start shopping, you must do one of the following BEFORE making a purchase:
- Visit the easyfundraising website, then search for and visit a retailer to make your purchase
- Use a link from an email from easyfundraising or The Swan.
- Use the easyfundraising "Donation Reminder".
- Use their App to search for and visit a retailer and then make your purchase.
Any issues then please click on "Help"on the easyfundraising website and follow their instructions. Still having problems? Contact us at email@example.com.