The Community Shares Fund is owned and controlled by an independent industrial and provident society, Community Shares ICOF Ltd.
It was set up in January 2012 by Co-operative & Community Finance with funds from The Co-operative Enterprise Hub and the offer of additional finance, if needed, from The Co-operative Loan Fund. All three organisations have been closely involved in the increase in community-owned ventures in recent years, and had come to the conclusion that community investment would benefit from a specific form of financial support.
In 2014 Co-operative & Community Finance won the Innovation Award in the Citi Microentrepreneurship Awards for the design and development of the Community Shares Fund.
Here’s the film made to support the application.