Now this is what I call a wonderful bonanza at this special time.
The Shotley pier group, or Shotley Heritage Charitable Community Benefit Society to give the official name, has been awarded match-funding up to £100,000.
The Co-op’s Power to Change Community Share Booster Programme is prepared to match every pound raised by our community share issue, and have also awarded us a £5,000 development grant.
That means if you buy (just a pledge is fine right now) a couple of £25 shares then the booster fund will double it, meaning your donation is worth £100.
The combined total of £200,000 would go a long way to achieving the group’s target of £350,000 to buy, repair and renovate the Victorian pier opposite the Bristol Arms at Shotley Gate.
A community share prospectus, with shares priced at £25 each, will be ready by the end of January 2017. Meanwhile people interested in owning part of the pier can pledge now.