We can confirm we made the minimum investment value, with over £50,000 of share funds already cleared. As importantly, we smashed our 300 shareholder target, with 396 different shareholders.
We’re planning an opening date of Friday 15th November.
We can now confirm we also qualify for the share booster scheme, who now only need to invest less than £10,000.
On behalf of the Directors of the Society, we thank you all.
After rigorous application, we’ve just found out that Hive, who provide expert business support for cooperatives, have offered us four days help to refine our business plan and develop the share offer. This is really important in helping make us a more rubust organisation.
Support will come from Mark Simmonds, a coops expert from Hebden Bridge who has just finished helping Kirklees Solidarity Economy Network develop their business plan for a domiciliary care cooperative here in the upper Colne Valley.
Our most exciting news is that we’ve secured premises. We are taking on what was Magic Box, next to the Post Office.
There is lots of internal and external work to do on the shop to accomodate us but we will be opening in early October.
What the steering group have done so far
Consulted with the people of the village and got positive support (100 people at first meeting, 400 took part in ‘name our shop’ survey)
A name, ‘The Village Green’ has been chosen by public survey
The steering group has drawn up a constitution, developed a business plan and set out financial projections
Been accepted for SpaceHive a community funding organisation to match-fund for important resources for the shop.
Research is ongoing, finding out from other cooperatives about how they were set up and what is working well.
We have an active and energetic group of people who are committed to making this happen for our village
Marsden's Community Grocery, 'The Village Green' aims to
create a financially viable shop supplying affordable, high-quality food (including fresh fruit and vegetables) in the village of Marsden
use the community share issue and cooperative model to give local people a means of shaping and developing the business
provide and sustain good quality jobs which will be paid as well as the business can afford
enable people in the community to live healthier and more environmentally sustainable lives
contribute to the development of a viable and sustainable high street and local economy
use the model of cooperation to build strong relationships with other community-owned businesses and independent retailers, as well as within the wider local economy