The bond offer
The capital raised from this bond offer will be used to complete improvement works at the ground including laying an artificial pitch and improving the floodlighting. The society can then bring all of the club’s teams together at the ground for training and matches, keeping income within the club rather than paying for facilities elsewhere. The improved modern LED floodlights will reduce energy use and upgrade an outdated system.
FC Clacton is based in one of the most deprived neighbourhoods in the country. The artificial pitch will provide much needed facilities in the local area.
Partnership with Crowdfunder to support community-led organisations
The capital raised through the bond is part of a funding package developed by Triodos Bank UK in partnership with Crowdfunder and Access – The Foundation for Social Investment.
This pilot project brings together three types of capital – bonds, reward-based crowdfunding and grant – to offer an affordable, patient and flexible finance option for community-focused organisations.
The blended funding package aims to create lasting change and build resilience in community groups as the UK emerges from Covid-19 with the intention to build back fairer, greener and stronger. Read more here.
FC Clacton bonds are eligible to be held in a Triodos Innovative Finance ISA (IFISA). The IFISA is a type of ISA that allows you to hold crowdfunded debt securities such as this bond. As with all ISAs, there are eligibility criteria and you receive interest tax-free. ISA eligibility does not guarantee returns or protect consumers from losing their money.
To invest in FC Clacton bonds through a Triodos IFISA, select the ‘Invest through IFISA’ option. This selection will add to your current year IFISA or will open a new IFISA if you haven’t previously opened one.
Transferring an existing ISA
If you want to invest by transferring an existing ISA to a Triodos IFISA you must first request the transfer. You can do this under ‘Account’ once you’ve become a registered user of the platform.
Your ISA transfer must be completed first, before you make an application for bonds.