FC United loan stock wins People's Champion prize as interest in scheme soars

FC United’s loan stock has been recognised as a quality proposition worth supporting by the social investment community after it won the People’s Champion pitching competition at the Good Deals conference held in London on 25 November 2014. Club press and communications officer Andy Walker made the pitch on behalf of FC United and conference attendees voted it as the People’s Champion award most likely to succeed.

The FC United Loan Stock scheme, which was launched less than a month ago with the aim of raising £200,000 to help finance the building and fit out of the club’s new ground in Moston, north Manchester, has already proved popular. There’s been a tremendous amount of interest and we have secured over £70,000 in just three weeks with more funding in firm enquiries. FC United board member Adam Brown said: “We expect to sell the loan stock well ahead of our February deadline so if people are interested in the scheme, my message to them is that they should get in touch as soon as possible as 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 dire 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Further information on FC United Loan Stock is available here (*link no longer active*).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 Amanda Tudor FC United’s Business Development Manager at amandatudor@fc-utd.co.uk