Totnes Community Development Society

Who we are

Totnes Community Development Society is an Industrial Provident Society (IPS) for the Benefit of the Community, established in 2012. It is regulated by the Financial Conduct Authority and is governed by a Board of voluntary Directors.

The objects of the Society are listed within the Rules and shall be to carry on any business for the benefit of the community by:

(a) Identifying opportunities to obtain land and buildings, within Totnes and the surrounding area, which have the potential for viable community use.

(b) Working with other organisations to develop such opportunities to ensure that they are brought into community use.

(c) Undertaking these development opportunities in a manner that will ensure their environmental and financial sustainability over the long term.

(d) Ensuring that the maximum value from these development opportunities, during construction and thereafter, is retained within the local economy.

(e) Ensuring the democratic control of these development opportunities by the community through the establishment of an appropriate level membership of this Society.

(f)  Providing an opportunity for public-spirited people and organisations to contribute financially to the community, with the expectation of a social dividend.