SCOPINVEST - Titre participatif
Amount or form of support: an investment of at least €25,000 over at least 7 years, with the option, from the 8th year, of converting the participating securities into convertible bonds repayable over 4 years. The investment is limited to 50% of the SCOP’s permanent capital. The participating securities will be bought back either by the SCOP’s members or by the SCOP through the growth of its equity. The buy-back is limited to 1.5 times the nominal value. A participating supplement will be paid at maturity depending on the company’s performance. Targeted costs or operations: strengthening the cooperative’s long-term resources and quasi-equity to support its development. Point of attention: the company must pay an application fee of 1% (minimum €1,000) and a fixed base return of 7% to 9.5% of the nominal value, rising by 50 basis points a year up to 300 basis points from the eighth year, plus a variable supplement.
Strengthen equity; support the building of permanent capital alongside members’ investment; anticipate the resources needed to support the company’s projects (improving its financial structure). It is aimed in particular at: Worker cooperatives (SCOP) or collective-interest cooperatives (SCIC) that are members of the CGSCOP and up to date with their national subscriptions. Geographical scope indicated: national aid.
Funded by CGSCOP, Financeurs privés
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Who can apply
Worker cooperatives (SCOP) or collective-interest cooperatives (SCIC) that are members of the CGSCOP and up to date with their national subscriptions.
Eligibility conditions
The company will have to pay: an application fee of 1% of the SCOPINVEST investment (minimum €1,000); a fixed base return of between 7% and 9.5% of the participating security’s nominal value — the base rate will rise by 50 basis points a year, up to a limit of 300 basis points, from the eighth year; a variable supplement calculated on 40% of the nominal value of each participating security and indexed to changes in operating profit, capped at 0.5 times the base return.
What the scheme covers
The SCOPINVEST participating security enables a SCOP or SCIC that is a member of the CGSCOP to strengthen its long-term resources to support its development and consolidate its quasi-equity. Its return combines a fixed part and a variable supplement linked to operating results, according to the terms described for the security. The cooperative must therefore compare the security’s expected cost with its repayment capacity and future results. The fees and financial parameters must be confirmed with SCOPINVEST before any decision.
Amount and funding terms
An investment of at least €25,000 over at least 7 years, with the option, from the 8th year, of converting the participating securities into convertible bonds repayable over 4 years. The investment is limited to 50% of the SCOP’s permanent capital. The participating securities will be bought back either by the SCOP’s members or by the SCOP through the growth of its equity. The buy-back is limited to 1.5 times the nominal value. A participating supplement will be paid at maturity depending on the company’s performance.
How to apply
To use “SCOPINVEST - Titre participatif”, start by checking that your company and project meet the criteria indicated. Then prepare a project description, a forecast budget and the administrative documents requested by the managing body. Before committing any costs, confirm the application timetable and eligibility rules in the official documents.
Timeline
No usable end date is recorded in the information available. Do not interpret this as a permanently open scheme: check the timetable and status of the scheme in the official source before planning an application date.
Key facts
- Funder
- CGSCOP, Financeurs privés
- Type of funding
- Equity investment
- Status
- Ongoing
- Funding rate
- 50%
- Automatically extracted — check the official source
- Geographic scope
- All of France
Frequently asked questions
Can my company benefit from this scheme?
Worker cooperatives (SCOP) or collective-interest cooperatives (SCIC) that are members of the CGSCOP and up to date with their national subscriptions.
Which costs or operations can be supported?
strengthening the cooperative’s long-term resources and quasi-equity to support its development.
What amount can I obtain and when should I apply?
An investment of at least €25,000 over at least 7 years, with the option, from the 8th year, of converting the participating securities into convertible bonds repayable over 4 years. The investment is limited to 50% of the SCOP’s permanent capital. The participating securities will be bought back either by the SCOP’s members or by the SCOP through the growth of its equity. The buy-back is limited to 1.5 times the nominal value. A participating supplement will be paid at maturity depending on the company’s performance. Check with the managing body that the scheme’s dates and status are still valid.
Official source
No official URL is available in our data for this grant.
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