FC United Loan Stock Scheme details

This is a Loan Stock offer from FC United for individuals to lend capital to the club which qualifies for 30% SITR tax relief. FC United, a leading, supporter-owned football club that is democratically run by its 3,000 members, is currently building a new home ground and community facilities in Moston, north Manchester, which will deliver real and lasting benefit to the area. The project includes new sports and non-sports community facilities and will also provide a home ground with a 5,000 capacity that will ensure the club’s sustainable future.

• Download full details here
• Download an application form here
• Details about Social Investment Tax Relief: here

Interest in the scheme has been significant since the launch and we would like to make people aware that we will deal with applications on a first-come-first-served basis, so if you are interested in the scheme, please get in touch.

The ground is due to open in winter 2014 and FC United is inviting individuals to lend money to the club to assist this development and help contribute to the significant community benefit outcomes the facility and the club will deliver. Given new HMRC Social Investment Tax Relief announced by the Chancellor in the budget, which came into force in 2014, FC United has launched a Loan Stock Scheme for individuals to lend capital to the club which qualifies for 30% SITR tax relief. The scheme allows those investing to get 30% of what they lend back against their tax liability.

FC United has already successfully raised £5.55m needed to build the new facility which has a total project cost of £6.011m. The club’s members have raised a phenomenal £1.9m in a landmark Community Share Scheme which qualified for the Enterprise Investment Scheme. The club have also raised over £330,000 in donations and fundraising and over £2.5m in grant funding from Sport England, Football Foundation, Social Investment Business and Manchester City Council. The Loan Stock offer is one of the last pieces in the jigsaw and will help both meet gaps in the finance package as well as offset more expensive borrowing.

The aim is to raise up to £200,000. This will be available to investors as follows:

• A minimum investment of £10,000
• A maximum investment of £200,000
• An optional interest rate payment of 2%
• Full repayment (whether or not you opt to take the optional 2%) in four years – 28 February 2019

Qualification of the scheme for Social Investment Tax Relief (SITR) means that, subject to personal circumstances, investors can recoup 30% of what they invest against their tax liability.

A financial and social return – why you should consider buying FC United Loan Stock
If you have savings in a bank or building society account, it is unlikely that you are earning much more than 1% interest; and even in an ISA it is not likely to exceed 2.5%. If you buy FC United Loan Stock, you will both exceed this amount AND possibly qualify for SITR which will give you a 30% return against your tax liability. Unlike investment in most banks, you can be assured that FC United is 100% democratically owned by its members. Its constitution specifies that it must deliver benefit to its communities, an obligation directors and members take very seriously.

By investing in this scheme you will be supporting a development in an area of North Manchester that is in dire need of new facilities and the work of FC United in the local area to deliver sporting, education, employment and environmental benefit. The Loan Stock offer is based on a robust business plan – this has been the basis of FC United’s Community Share Scheme, over £2.5m of grant funding and Manchester City Council’s support of the project.

Remember – you can claim SITR tax relief on this Loan Stock Offer even if you have already claimed EIS on the FCUM Share Scheme (subject to personal circumstances).

How do you buy Loan Stock?

To benefit from FC’s loan stock, you simply need to fill in an Application Form.

For any questions or clarifications, please do not hesitate to contact Amanda Tudor FC United’s Business Development Manager at amandatudor@fc-utd.co.uk

If you require further information about the club, please contact Andy Walsh, General Manager, or Adam Brown, Board Member, at office@fc-utd.uk

You can buy between a minimum of £10,000 and a maximum of £200,000 of Loan Stock

Applications must be received between 15 October 2014 and 28 February 2015.

A separate Loan Stock Scheme exists if you want to purchase on behalf of an organisation – please contact Amanda Tudor at amandatudor@fc-utd.co.uk

For further information or to discuss the FC United Individual Loan Stock Offer, please contact Amanda Tudor: amandatudor@fc-utd.co.uk

Download full details of the FC United Loan Stock offer.

Download the Loan Stock application form.

Please read the Loan Stock details document in full , including the risks and contingencies section, before applying.