Local firms offering high interest rates are selling a better way to rebuild the UK after Covid. But there are risks
From using a pub’s takeaway service to donating to an under-threat arts venue, one of the many side-effects of the coronavirus pandemic has been a renewed sense of community in supporting local businesses and projects. And, in a growing number of cases, those companies are now asking the public to buy shares in order to help them survive and grow.
For a minimum investment of what can be a few pounds, there is frequently a promise of healthy returns. And at a time when the rates on savings are in the doldrums, that will be attractive to many. Several schemes offer as much as 5% a year, far above the 0.01% that some high street savings accounts pay.