How the share offer will work

The money we’re raising will fund our first nineteen permanently affordable new homes at Lowfield Green. Pioneering a new model of home ownership, they’ll enable community-focused living while providing an income stream to fund further new developments.

Our business plan and share offer document will be published soon, providing full details of our plans.

Key information

  • Competitive 2.5% return
  • Withdraw after three years
  • Minimum investment amount TBC

Timeline

  1. March 2019 - planning approved
  2. May 2019 - applications for residents open
  3. July 2019 - share offer launch
  4. October 2019 – share offer ends, build begins
  5. Winter 2020 – completion & move in

Frequently asked questions

Is the development open to buy-to-let investors?

No.

How do I apply for a home?

Express your interest by becoming a YorSpace member, it costs £2 and allows you to join our housing interest register

Do you have any other sources of money?

Since January 2017, YorSpace has attracted over £240,000 worth of grant funding. This has financed pre-development works and the planning phase of Lowfield Green.

We’ve secured grant money to cover the 15% deposit needed to purchase the land, with money raised from the share offer needed to buy the land, cover fees and YorSpace’s development costs during the build phase.

We’re in negotiations with the Community Shares Booster Programme to secure an equity investment which would mean that for every pound invested by individuals up to £100,000, another pound will be invested in matched shares.

What is the minimum investment amount?

We are still finalising details of our share offer and will confirm this soon. We expect the minimum investment amount to be between £200 - £1000.

What are One Planet Living principles?

One Planet Living is a sustainability framework used to design and shape YorSpace homes. It is different from other sustainability frameworks because: