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Siop Gymunedol / HAVARDS / Community Shop
LATEST: 12th October. Pledges continue to come in. The total now stands at £235,600.
The next Public Meeting will be held at Newport Memorial Hall on Thursday 28th of October at 6.30pm.
The NEWS page contains previous items from this box.
Havards store is a traditional Ironmongers shop dating back to 1840. It is a vital asset for the Community of Trefdraeth, and the many visitors. But the current owner has been unable to find someone to take the shop over, and is likely to shut it down if a way cannot be found to keep it open.
A local initiative is underway to set up a Community Benefit Society to purchase and to run Havards as a Community Shop
We need to raise approximately £240,000 in the form of loans or share sales. We then plan to apply for a matching grant from the UK Community Ownership Fund
We need your help! We need offers of loans (interest paid!) or share purchase (dividends and vote!)
This initiative launched in June 2021 with some excellent support from Planed with local and national press releases. It was featured on National S4C programme ”HENO”.
The funds raised will allow the scheme to purchase the Havards Shop for the community and have sufficient funding for renovations and improvements.
There are now many communities across the country ensuring that local shops are kept open through community purchase. Support has been sought from the Plunkett Foundation, Coop Wales and Planed. Please see the following link: https://plunkett.co.uk?case-studies/
Share purchase and loans
- Shares will be sold at £200 each, one vote only for each shareholder.
- Minimum investment £200 (1 share), maximum investment £20,000 (100 shares).
- We aim to pay a dividend on shares dependent on annual profits.
- Loans will pay interest currently planned to be 2.5%
- Depending on HMRC approval we plan to offer eligible investors a scheme that allows UK Tax Payers 30% tax relief on their shareholding.
Why support us?
It's a good investment! Community Shares are an excellent way to support this community venture, you will have a voting voice and help to keep a vital part of the history of the town and an essential community facility open.
Help the Community
Play your part in our community - the shop will save trips further afield, at a time when we need to reduce unnecessary travel. Shops are at the heart of any small town, servicing needs and helping bring people together.
Why else should I invest in Havards?
Here's where you can not only get a good return, but play your part in sustaining a vital facility. We hope the many visitors to Newport, who return time and again, will also consider investing.