Community Share Offer
To raise the required funds for the shop and café, the Trust have launched a community share offer. We aim to raise a minimum of £80,000 with an optimum target of £144.700. We have secured the support of the Booster Programme, which is funded by Power to Change and run by the Community Shares Unit. Under this programme up to £72,350 is available to match applications for shares from the public. This means that for every pound invested by individuals up to £72,350, another pound will be invested in shares by the Booster Programme.
So far we have raised £65,340 towards our optimum £144,700 target! That’s 45% of the total!
About the Project
Some community members fondly remember when the village had a general stores and hardware shop with delivery rounds from the fishmonger and butcher, sadly, as elsewhere, our local amenities have declined in recent years. Since the closure of Parracombe Stores and Post Office in 2017, Parracombe Community Trust have been working hard to establish a community run enterprise. In the last two years we have developed a detailed business plan, identified the premises, gained planning approval and secured investment match funding.
A Community Business
We are a community trust who are accountable to our members and who have a say in running the business
Rooted in our community, run by and working for the residents of Parracombe and surrounding parishes
A business that connects local people to local producers to generate returns that we will reinvest in the community
By investing in community shares you will be part of creating a vibrant and much needed community enterprise. You will be supporting a community purpose, not investing to make a financial gain and it is why this type of share offer is not subject to financial promotion regulations. Community shares are withdrawable but unlike shares in a typical company cannot be sold, traded or transferred between Members. As a Member you are entitled to one vote – regardless of how many shares you hold.
Find out more
Find out about our community share offer and how your investment will help build the project. Download the Share Offer Document for the facts about investment.
To apply for shares download the membership and share application form. Post or deliver the completed form with your payment by 19th October 2020.
The shop committee have created a detailed business plan for the project. Download the business plan to read more about the project and the facts and figures.
Want to find out more about community shares, the community shares standard, our investment partners. See the resources section for useful links.