Community Share Offer

Somerset Local Food, a Community Benefit Society, is the parent company of Somerset Local Food Direct (SLFD).  We are committed to promoting the abundance of beautiful local food produced and made by Somerset’s local producers. We believe that as a community owned business, together with our community shareholders, we can grow a local food movement that makes good food accessible to everyone in Somerset, impacting on people’s health and well-being, maintaining the natural landscape and protecting the local environment.

To achieve this vision the directors of Somerset Local Food will take over the local food delivery business pioneered by Roger and his team at Somerset Local Food Direct (SLFD) during the early part of 2018, allowing Roger to retire later this year.  We will invest in new infrastructure including an additional van, new website and operational systems; deliver a range of clear and achievable social impacts; and continue to bring growers, producers, those who work in local food distribution, and our customers into a close working relationship for the benefit of everyone.

This is your opportunity to get involved in a revitalised local business with huge growth potential.  We are seeking shareholders who share our vision and, as an investor in community shares, you will have a role in shaping the business and its direction.  We have already successfully applied to the Levels and Moors LEADER Programme, a fund supporting rural businesses, and received a provisional grant offer of £20,860. This grant will enable us to invest in a new van and commission the development of improved infrastructure, including a new website.  But, to unlock this grant, we need to raise a minimum of £35,000 by 26th February 2018, so please click the link below to access more information about the share offer, and share this email with those you think may be interested in supporting us by also becoming a member.

Update – 26th Feb 2018

Whilst we have been delighted with customers’ response to the share issue, we are still short of our initial target of £35,000.  So that we can start work on the priority activities as quickly as possible, we are therefore:

  • Redefining our grant application to reduce the amount of matched funding required so that we can start work on re-branding plus the development of the web-site and back office system
  • Extending Phase 1 of the share offer until March 14th and encouraging more customers to invest in the future of the organisation.

We are confident that we will raise enough (under £3,000) in this timescale to be able to draw down the grant and  commission the essential work required.

We’ve raised enough through the share offer to commissioning the development of new systems and branding.   The current share offer is now closed.

Revised Business Plan

Rules – Somerset Local Food

*The risk assessment of this share offer appears in the Business Plan which should be read in conjunction with the Share Offer document.