Dunbar Community Bakery is now registered as a community owned cooperative and is issuing shares. They hope to raise £35000 by the end of July in order to have the business up and running in early September. The minimum investment is £50. They hope that as many local people as possible will take this opportunity to become part owners of this exciting new community enterprise.
For more information see their share application form, available here: invite_to_invest_v3[1] or in the library and many shops around the town. They believe that it is healthy for the local economy to give local people the opportunity to invest in and have a say in the running of key local enterprises such as a High Street bakery.
A copy of the business plan may be viewed here.
The group emphasise that they will be running a ‘proper’ commercial bakery, employing skilled bakers and a manager. The difference is that the business will be owned by those in the community who have invested in it and who will have a say in how it is run and in what products is bakes. It will be up to the management committee (elected by the shareholders) to decide if and when a dividend may be paid to shareholders and when the business can afford to let shareholders withdraw their shares.
They do not expect the business to generate large profits but any profits which are made will be used to support other projects in the community.
