Parish Council Asked to Help Sustain the Future of Community Shop

At last night’s Meeting Broadwindsor and District Community Enterprise Ltd (BADCE) asked the Parish Council to consider helping them to acquire loan finance which would allow them to purchase the freehold of the Old Telephone Exchange building which has become available at a discounted price and thereby help ensure a more sustainable future for the Community Shop.

The Parish Council has access through the Public Works Loan Board to finance with much lower interest rates than those offered by high-street lenders. The Parish Council successfully accessed a loan of £20,000 in 2018 to help meet a funding shortfall for the Multi-Use Games Area, which has proved to be an invaluable community asset.

The proposed loan would be for £50,000 over a thirty year term and all repayments would be funded by BADCE. There will be no increase to the Precept, the Parish Council will not incur any additional costs and will be offered security over the freehold property, which has a value materially higher than the £50,000 loan.

The Parish Council will be considering the proposal at its next meeting on 11 July, and we really want to hear from parishioners as to whether they would support this.  Please do leave comments, send an email, call or attend our meeting. We look forward to hearing from you.

You can read the full proposal from BADCE online at:

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