Save The Step
£163,100 pledged of £200,000 goal
from 242 investors
The ground floor of 101 Myddleton Road (site of ‘The Step’) is now up for sale. It’s just been declared an ‘Asset of Community Value’. This means that we can make a bid for it before it goes on the market.
We Love Myddleton Road (WLMR) wants to turn the Step into a community-owned space with community spirit at its heart. A café, bar and meeting place, in the heart of Bowes Park. We are setting up a Community Benefit Society to buy and refurbish the building, and then getting an experienced business to run it.
We need your help to make this happen.
We need to raise at least £200,000 from the local community. We estimate we will need a total of £500,000 to buy the ground floor of the building and refurbish it, and plan to raise the additional money with a combination of loans and grants.
We’re looking for the community to become shareholders in the Community Benefit Society we’ll create. This means that you’ll essentially become a part-owner of the property.
We need you to answer our survey to:
- get your thoughts on what you would like to see in The Step
- tell us any skills/expertise you could bring
- let us know if you’d be interested in investing
We don’t want your money now, and there is no commitment at all.
What’s in it for you?
- You’ll own shares in the business
- Discounts on food and drink
- Shares would be withdrawable, meaning you can request your money back later on
- Surplus profits would be put exclusively into benefits to the community
To start with, we need to show strong evidence of community support and financial backing, so please fill in our survey to help us make this a reality!
To help out, or for more information, email firstname.lastname@example.org
This project is a work in progress and the Frequently Asked Questions are a response to what people ask, so there will be more detail and news as the project moves forward.