10 nissan huts will be refurbished and modernised into a self-catering accommodation business – offering a unique experience for visitors. Proceeds from the business will provide a significant revenue stream for re-investment in the camp and projects that benefit the local wider community.
The community share offer raised £27,400 – shares were £25 per share with a minimum investment of £25 and a maximum of £5000. Every shareholder will have an equal say in how the business is run, regardless of the size of their shareholding.
Community Share Scotland provided consultancy support to the project, a microgrant to help promote the share offer and some post share offer support to assist with ongoing shareholder admin. The project was also supported by Co-operative Development Scotland who provided advice on the governance and legal structure to facilitate the share issue
For more information please visit: http://comriedevelopmenttrust.org.uk/