Bishops Castle and District CLT : marketing community ownership
Bishops Castle and District CLT, in Shropshire, aims to build both homes and work spaces, including lets for micro-businesses. Communal assets are let rather than sold.
It registered as an Industrial and Provident Society, allowing fundraising through community shareholders, and promoting a strong sense of community ownership of the project.
In addition to the funding support from the Co-operative group and the HCA, significant support has been forthcoming from Shropshire Council, and Bishops Castle town council. The balance for development was secured by a commercial loan from the Ecology Building Society.
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