The deadline for the initial Share Offer has now closed. All the purchases and payments have been checked and checked again and we are delighted to be able to tell you that the offer has raised an incredible £18,000 and that the Community Shop now has 130 Shareholders.
St Dominick Community Shop Limited is now officially registered with the Financial Conduct Authority as a Community Benefit Society (Registration Number: 8227).
By purchasing shares and becoming a member of the Community Benefit Society, you will also have a say in how the shop is run, including where and how any future ‘surplus’ is spent. It also means that every time money is spent in the shop, customers are contributing to building a surplus that can be used to help fund other projects and activities in the village as agreed by the members themselves.
So, please think about the money you give through the share offer as a ‘social investment’ rather than a financial one.
The Steering group have already raised a significant amount of money through other funds, and are continuing to work hard on this too – and we will keep you updated on the progress with fundraising as and when there is news.