The Red Imps Community Trust has launched a major new project in collaboration with Lincoln City to fund development of the Stacey West Stand at the LNER Stadium.

The Stacey West Investment Bond will raise finances to add a second tier to the iconic stand and create a new home for the club’s community work.

The aim is to raise up to £500,000 to help fund the development, which will cost more than £2million to complete. This will increase capacity and help create a sustainable business model for the club.

Investors can choose an interest rate of up to 3% and terms of up to 10 years. The minimum investment is £500.

Rob Bradley, elected supporter director of the Red Imps Community Trust, said: “The scheme will ensure the development is financed responsibly in a way that is attractive to investors, while strengthening our place in the community and continuing to honour the past.

“It will also ensure our club has the potential to increase matchday and non-matchday revenue thereby contributing to the future financial sustainability of the club we love.

“This is an exciting scheme for us all to be a part of in line with the ongoing ambition of Lincoln City Football Club and we urge you to support its success and consider its benefits as an investment opportunity.”

Imps chief executive Liam Scully added: “I’d like to thank the Red Imps Community Trust for their leadership on this project, which is another key step on the development of the club.

“Expanding the Stacey West Stand will enable us to really push our educational and community offering through the Lincoln City Foundation, while also creating more opportunities for us on matchdays.”

More details about the Stacey West Investment Bond, including terms and conditions, can be found at www.staceywestinvestmentbond.com.