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Apr 2011

SPAXTON COMMUNITY SHOP SOCIETY LTD
SHARE OFFER

       In the last two issues of The Community News we have described the events that have led to the need for
a community effort to ensure that Spaxton has a shop that will continue to serve the village well into the
future. A committee has been working to this end and the decision has been made to site a new shop
building next to the village hall car park. The design of the building continues to occupy our efforts but
we have also had to do a lot of groundwork prior to submitting applications for grants.

Since the last issue the Spaxton Community Shop Committee has;

         Formed a legally established society registered with The Financial Services Authority
         Written a detailed business plan for the setting up and running of the shop
         Reviewed designs for the shop building

HOW YOU CAN HELP

The Spaxton Community Shop Committee invites you to participate in the ownership of a business which will run a village shop in Spaxton. The shop will be open to the general public but the business will be owned entirely by the shareholders. It will be a not-for-profit business, run primarily with the aim of providing the village with the kind of products and services that you want. This includes :
            Locally produced food                                       A new site for a Post Office
            A wide range of other foods and goods               Advertising local events and ticket sales
            Newspapers & magazines                                 Tourist information
            Collecting your deliveries when you’re out           Stationery and greetings cards

            and loads more !

Enterprises of this kind have been running successfully in many small villages in England and abroad, including 17 in Somerset, so we are confident of it working in a village of our size.

            Building a new shop, and furnishing it with modern equipment, will cost about £160 000. We
believe it can be afforded if everyone in the village makes a contribution. That is the purpose of this
share issue. We aim to raise at least £20 000 because the project needs a firm foundation on which to
build its finances. If we get this, we should be able to unlock opportunities for grants and loans to fund the rest.  Without the initial support of potential customers, we can’t expect any financial help to come from outside the village.

PLEASE READ THE INFORMATION IN THE ENVELOPE THAT ACCOMPANIES THE MARCH EDITION OF THE
SPAXTON COMMUNITY NEWS and

 Join the Spaxton Community Shop Society.


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