Clevedon Pier’s community share offer gets two-month extension
PUBLISHED: 09:00 16 November 2015
Clevedon Pier’s popular community share offer has been extended for an extra two months.
More than £175,000 has been donated since the scheme’s launch in August as thousands of people from places as far afield as North America and Australia flocked to buy shares in the Grade l-listed Victorian structure.
The minimum target threshold of £50,000 was passed just a few days after the launch and due to the positive community response the scheme will now finish on January 14 rather than its original end date of November 14.
Simon Talbot-Ponsonby, chairman of the Clevedon Pier and Heritage Trust, said: “We have listened carefully to what our new investors are saying and we are delighted to have been able to make some very positive changes as well as extending the offer.”
The extension of the share scheme will also provide both new and existing shareholders with some extra benefits including a shares for Christmas package which will allow investors to buy shares for friends and family over the age of 16.
It will also allow shareholders to apply for an annual pass for their children and grandchildren under the age of 16 at an early low price of £5, while also letting them pass their shares down to younger family members once they have reached 16 years of age.
Existing shareholders will receive a letter outlining all of the changes to the benefits within the next three weeks.
The community share offer was launched to help the trust make up the shortfall of £378,000 from the construction of the pier’s new visitor centre which is due to be completed next year.
The majority of the funding for the project came from a £750,000 Coastal Communities Fund grant and a £720,000 donation from the Heritage Lottery Fund, as well as a £30,000 donation from Clevedon Town Council.
The centre will include new toilets and a restaurant, as well as an ice cream parlour to be set up in the pagoda at the end of the pier.
An interactive educational project is also in the process of being organised which will provide visitors with information, displays and artefacts to allow them to learn more about the pier, it’s history and the ecology of the Severn estuary.
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