“To create a place where everyone is welcome and can get involved, volunteer their time and socialise while providing the community with the essential services of a shop, café and post office.”
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 and successfully closed a community share offer.
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
Community Share Offer
To build and set up the shop and café the Trust needed to raise an optimum of £145,000. In August 2020 we launched a community share offer and, with match funding investment from the Booster Programme, we raised £125,290 in investments.
In April 2021 the community share offer was reopened for a limited period. With the reopening of the offer we achieved 100% of our target raising a further £19,410.
In December 2020 we launched a Crowdfunding page with the Aviva Community Fund from which we raised £2,320.
The Trust have applied to grant giving organisations to fund the installation of renewable energy generation, equipment purchase and working capital. To date we have received:
Exmoor Trust £7,525 for renewable energy equipment.
Parracombe Parish Council £2,000 for renewable energy equipment.
Princes Countryside Fund £9,870 to fund 50% of the first years salary for the shop manager.
Devon County Council and North Devon District Council grants totalling £2,445 for café equipment.