**EXTENSION OF SHARE OFFER**
The offer to buy shares in the Kirtlington Community Shop and Café was opened on 8 June 2025 and was closed six weeks later on 20 July 2025. At the end of this period, 185 investors had contributed £160,000 towards the funding of the project. This represents £10,000 more than the minimum target set and has revealed the extensive level of support for the project in the village.
The management committee is confident that it can raise the further funds required to reach the optimum target of £265,000 and on this basis has decided to extend the share offer for a further six months until 20 January 2026.
The terms of the share offer remain the same as outlined in the original documents: the minimum investment is £20 and the maximum is 10% of the total number of shares issued. Share purchases can begin immediately, with current investors free to increase their purchase to help us to reach our target.
Two important changes have taken place since the share offer was launched: HMRC has now granted Advanced Assurance enabling anyone buying £1,000 worth of shares or more to claim 50% tax relief and the legal agreement with Kirtlington Parish Council has been signed, establishing that the Community Benefit Society now holds the tenancy of the land set aside for the shop.
Please join us so we can have a shop and café in Kirtlington by next summer!
DOUBLE YOUR INVESTMENT AT NO COST TO YOURSELF!!
Check out the benefits of using the HMRC SEIS scheme for rebates or tax relief.
Under the scheme anyone who has paid income tax or capital gains tax in either the tax year that the investment is made or the year preceding that year will be able to claim tax relief of 50% on their share purchase. Investors will need to have paid at least the amount of the proposed tax rebate in tax in the appropriate years.
Example: A taxpayer buys shares to the value of £1000. The taxpayer can then reclaim £500.
Check with your independent financial advisor and see if you qualify. If you do please increase your share purchase at no extra cost.