Firstly, a huge thanks to all our community investors! Over the last seven weeks the local investors from the community have come together to raise an amazing £34,219. You’re amazing – thank you for having faith in the future of this community run and owned project.
At the same time, the steering group at Flo’s have been working away to apply for a booster fund run by Co-Operatives UK. We heard this week that we’ve been successful, meaning that Co-operatives UK, supported by Power to Change, will match fund the local investment up to Flo’s target of £50,000.
We’re thrilled, as that this means our target has now been reached! This funding will allow Flo’s to carry out initial refurbishment works, and also provide working capital, while the community enterprises (such as the cafe, craft workshops and hire space) become established.
There are still lots of ways to get involved in Flo’s (and we need all the support we can get especially as it looks like building works will be starting very soon!). Have a think if you could become a volunteer; become a member or donate to the crowdfunding campaign.
For those that still want to invest, via our community shares offer, you still have five days to do so! The community share offer will remain open, via the ethical investment platform Ethex, until Monday 18 June.