FC United loan stock - target increased and £31k left to raise

FC United’s loan stock scheme is close to being filled as more people line up to lend the club money and take advantage of the 30% Social Investment Tax Relief for which the scheme qualifies. Due to the scheme’s popularity, we have extended the target amount to be raised from £200,000 to £275,000 so now have just £31,000 to raise to hit target.

The FC United Loan Stock scheme was launched last month with the aim of raising £200,000 to help finance the building and fit out of the club’s new ground in Moston. Members and supporters have responded magnificently and we have secured £244,000 to date meaning that we have £31,000 to raise by our February deadline.

FC United board member Adam Brown said: "The response so far has been brilliant and shows the level of support for what we are doing. We are almost there with hitting our new target of £275,000 so if people are interested in the scheme, they should get in touch with the club as soon as possible to avoid missing out on this unique opportunity. With just £31,000 left to raise, it will be first-come, first-served.???

The scheme has achieved advance assurance from HMRC that means that individuals who lend capital to the club under this scheme could qualify for 30% SITR tax relief on the amount they lend. The SITR scheme allows those taking part to get 30% of what they lend back against their tax liability. Based on a robust business plan, FC United loan stock will help to support the development of the club’s stadium and community facilities in an area of North Manchester that is in need of new facilities and enhance the work of FC United in the local area to deliver sporting, education, employment and environmental benefit.

Further information on FC United Loan Stock is available here (*link no longer active*).

To express your interest in the scheme, contact Andy Walker at FC United at andywalker@fc-utd.co.uk