Clevedon Pier share scheme set for launch

PUBLISHED: 09:00 01 August 2015

Work has been ongoing at the pier since October 2014.

Work has been ongoing at the pier since October 2014.

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Clevedon Pier's much-anticipated community share offer is set to be launched on August 14, which it is hoped will help secure the historic attraction for future generations.

Shares will cost £1 each, with a minimum investment of £150.

Shareholders will be able to enjoy a number of benefits, including free access to the attraction during normal opening hours. People will also be able to buy as many shares as they want.

More than 500 people have already registered their interest in the initiative, which aims to raise about £500,000, to complete the new visitor centre and finance the upgraded pier facilities.

Simon Talbot-Ponsonby, chairman of the Clevedon Pier and Heritage Trust, said: “The launch of our new share offer is a major milestone in the pier’s history.

“The money raised will help to ensure that the pier is nurtured and cherished for future generations.”

The new visitor centre, which has cost about £2.25million, will include a top-level viewing platform, education facility and tea room.

The majority of cash for the project has come from a £720,000 grant from the Heritage Lottery Fund and a total of £750,000 from the Coastal Communities Fund. Clevedon Town Council donated £30,000 while £50,000 has come as part of a planning agreement from the redevelopment of the adjacent Royal Pier Hotel into luxury apartments.

To register your interest in signing up to the community share scheme, email communityshares@clevedonpier.com

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