We are delighted to confirm that today we have heard the incredible news that on October the 31st 2016 we will receive £1m from a high net worth individual who has offered to match fund and underwrite our community investment fund for 2 years with no conditions apart from that they want to see us achieve all we set out to do.
In January this year we set out to raise £2m to invest in property and micro enterprise incubation in Tywardreath with the aim of helping people realise their entrepreneurial ambitions.
We have raised over £200,000 from within our community so far and we will continue to do this, giving local people the opportunity to earn 6% annual interest on the money they have lent us along with many other benefits – including free membership of our Community Buying Group and the option to convert their loan to shares in our company within 2 years.
We were hoping to have exchanged on the shop by now or at least be in there operating the business under a lease. Unfortunately the legal process has hindered our progress and delayed us from moving forward but watch this space because we have today found an ideal solution, although we can’t announce it just yet.
Thank you for your continued support. Despite this good news we still want your involvement as community fund pledgers because the more we can raise from within our community the more we can return to the local economy.