Only £15,000 has been invested in Watford’s digital equity scheme in the last fortnight.

With three weeks until the offer closes, the total amount actually invested at midday today (Friday) was £3,826,992.

That figure has risen by nearly £10,000 in the last seven days, although the significant drop-off in money invested of late means that only 0.3% of the overall figure raised has come in the last two weeks.

The amount that has actually been generated and invested in the scheme can be tracked in real time on the website of Seedrs (seedrs.com/watford-fc), which is the English arm of the American company Republic, who are Watford’s partners in the venture.

The amount in dollars shown on republic.com/watfordfc is higher because it reflects not only the sum actually invested but also adds in commitments/pledges that have not yet come to fruition.

The £3.82m raised so far has been generated by 2,688 investors, meaning the average amount invested by each investor is around £1,425.

When the scheme was launched at the start of last month, Watford had a target of raising £17.5m, which represented 10% of the club’s total shares.

The digital equity scheme flew out of the traps and raised more than £3.7m inside two weeks.

However, new investment in the month since has been just over £100,000, meaning 98% of the funds raised through the digital investment scheme arrived in the opening fortnight.

Similarly, there have only been 321 new investors in the last four weeks – 88% of those who have invested did so in the 14 days after the offering was launched.

There are now 21 days until the digital offer is due to close, but barring some significant last-minute rush to the counter, the bulk of the £17.5m of equity made available doesn’t look like being taken up.