Community Share Launch
Community Share Launch for The George, Newnham
You are invited to our launch event on the weekend of 1st–3rd March and to ask you to support our Share Offer.
From a small local pressure group, we have now formed ourselves into a Community Benefit Society, with a constitution and rules approved by the Financial Conduct Authority (FCA). With your help, we aim to buy The George and to give it a new lease of life as a multi-purpose community hub. Our Business Plan and Share Prospectus will be presented at the launch on Friday 1st March. This will be your chance to get involved and to have a genuine personal stake in the future of your village.
Our plans for The George are imaginative and wide-ranging. They include:
•An all-day café and bakery
•A gallery and performance space for music and live events
•Flexible short-term workspaces for small businesses and start-ups
•A home for the village Post Office and a retail space for cards, gifts, papers, magazines and stationery
•Meeting and function rooms for hire by local community groups
We are looking to raise a minimum of £150,000 from the share offer. Shares cost £20 and just one share entitles you to the full range of membership rights and benefits. The remainder of the money we need will come from grants and low-interest loans. It’s a massive challenge, but with the kind of support we have already seen locally, we believe we can make it happen.
This is about much more than saving a building – it’s a chance to decide what sort of community we want to live in. With the lifting of tolls on the Severn Bridge and eighty new homes about to be added to the village, now is the time to invest in an amenity that will be open, inclusive and accessible to all. The opportunity to buy The George for the community is there for the taking – it will not come again.