Tuesday, 6 June 2017

Community shop share offer ends 12th June

Open day at Dartmouth Village community space, May 23rd
A community space, café and shop could open where there used to be an antiques shop at the top of Blackheath Hill, if local residents can raise £13,375 by the end of June. After that, the shop will no longer be protected from being developed into flats.

There is a lot of space there - more rooms than the one shown in the picture. The residents, headed up by Rachel, Alan, Simon and Matt, are open to suggestions on how to use the space. They want to run it as a mutual benefit society for the community, and say that many local people 'are deeply committed to making this happen.'

They are raising money by a share offer: people can become members of the shop's Society by pledging to buy shares. The offer has already raised £46,625 from the pledges of 52 people. There are 535 shares left to sell by this coming Monday 12th June. 

The organisers say, 'Members of the Society can vote on decisions about how the shop is run and on how profits can be re-invested into the community... Pledges will only be activated once we are certain that we are able to proceed. One share is £25, and the maximum share holding is £20,000. A generous tax rebate of 50% is available, as well as loss relief on your remaining investment.'

For more information and the pledge form, email 134blackheathhill@gmail.com

The share offer page below refers to the first deadline, which has been extended to June 12th.

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