It is envisaged that the group will do the restoration and improvement work over the next few years, raising more funds in stages. Grants are being applied for, and stage two community shares will be sold from May to the end of July 2018.
Community Shares are £25 each, and the maximum purchase is £10,000.
Community Shares are not a financial investment. As a charitable society, the rules prevent any Dividend ever being paid out. The community shares cannot go up in value, and cannot be sold. The community shares can be inherited. So it should be clear that the only reason to buy a community share is to become a member and supporter of the community restoration of Shotley Pier. There is no legal or financial liability beyond the share purchase, so there is no burden placed in the future.
Each person who invests will get a vote in key decisions, and as it is one member, one vote, a small investor gets the same influence as a large investor, ensuring that the majority community opinion prevails. This was a big attraction to the earliest volunteers, and is a fundamental part of the ethos and values of this community benefit society.
We are now selling Celebratory Plaques. A limited number will be displayed on a temporary display space at the entrance to the pier. You can register your interest for purchasing a plaque