The Steering Group is progressing with applying to become a Community Benefit Society (or CBS) for the Community Shop. As a CBS, local residents will have the opportunity to buy shares and become a member of the Society as an investment in setting up the Community Shop. The purchase of shares can be considered along the lines of a ‘social investment’ rather than a financial one.
As and when the Community shop generates a ‘surplus’, this money can then be used to help fund other projects and activities in the village as agreed by the members themselves.
This means that every time money is spent in the shop, customers are contributing to building a surplus that can, in due course, be spent by the village members on the village needs and for the greater benefit of all.
We will be providing more information how and when the Share Offer will be available for local residents later in October.
Please look out for more details in due course.