Last chance to purchase shares in Cardigan community scheme (From Western Telegraph)

Last chance to purchase shares in Cardigan community scheme

9:00am Tuesday 30th October 2012 in News

A COMMUNITY share scheme to purchase the old police station and court house in Cardigan closes tomorrow (Wednesday).

The campaign by community benefit company 4CG, has already seen a considerable amount of interest. The number of £200 share purchased has now reached more than £63,000 with the total number of local people investing in the scheme being more than 530 Following a campaign in 2010, 4CG bought Cardigan’s once derelict Pwllhai site. The site now houses three shops, two offices, a country market stores, a museum site, a house and two car parks.

The current share scheme aims to buy Cardigan’s old police station and court house which back onto the Pwllhai site. The company’s volunteer directors are currently in negotiations with the owners.

It is hoped that the buildings could be used to promote tourism, events, conferences and local produce.

“There has been tremendous support once again from people near and far and the share holding funds have accumulated at a pace,” said Cris Tomos, 4CG secretary.

He said that with the new share offer people were buying into not just the police station and court house developments, but also the whole of the Pwllhai site.

“Those who missed out on the original share offer can now become part of this exciting community cooperative.”

People interested in purchasing the £200 shares can view the share document by visiting www.4cg.org.uk.