The difficult economic climate has created a need for community enterprises to raise their own finance and shares and bonds are seen as the way forward.
The newly announced community enterprise strategic framework will help more local groups set up successful local social enterprises and it sets out proposals for community shares that would allow local people to raise funds to maintain or buy a stake in important community services like the village shop or local pub to ensure its survival. A football supporters club could form a co-operative to take over their team, giving the supporters a chance to purchase community shares and so have a say in its future.
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