Membership of Petersfield CLT 

Those who want to support Petersfield Community Land Trust can join as members for £10. Members have the opportunity to shape the activities of the CLT for the long term benefit of their local community.

What would I be supporting?

Petersfield CLT’s first project is to facilitate self/custom housing at prices below market rate as well as affordable rented housing in Petersfield on one of the sites identified in the Petersfield Neighbourhood Development Plan. The housing opportunities are to be prioritised for people with a local connection.  Future projects could include more affordable housing, community buildings or taking on other assets important to the community.

What exactly is a CLT?

Petersfield CLT Ltd is registered as a community benefit society, which is a common legal format for a community land trust.  Legally defined; it must be-

  • Owned by the community
  • Run by the community
  • For the benefit of that geographical community
  • Not for personal profit

What are the benefits of becoming a member?

Petersfield CLT has a two tier structure consisting of members and board members.  

  • All members have one equal vote at general meetings regardless of the number of shares they own.
  • Members can be put forward and democratically elected as board members.  
  • People with a local connection who support the aims of PCLT can become members by buying £10 of shares in the community benefit society.

Unlike a company (such as British Gas) members will not ‘own’ part of the CLT and will not receive any payment from profits. The shares cannot rise in value but may lose value. They cannot be sold. Members of the trust must be over 16.