Community power was in action on Bristol’s waterways this week. The newly formed Community Benefit Society is floating shares to raise the £250,000 needed to bring local yellow and blue ferries into community ownership.
The share sale for Bristol Community Ferry Boats was launched on Wednesday – just six months after the harbour service and tourist trips were saved from going under by a group of local well-wishers.
Now the co-operative hopes that people will want to co-own and play their part in preserving the yellow and blue Bristol Ferries for future generations.
Founder member Mark Tucker explained: “The new community benefit society will have no bank debt, it is run by experienced ferry operators and the share price is set to encourage the widest possible ownership – we believe that this is the best possible foundation for sustainable success.”
Shares start at £100 and the projected returns are projected to be between 3-5 per cent a year . Investors may also qualify for tax breaks through the Enterprise Investment Scheme and the Seed Enterprise Investment Scheme.
The share float is being backed by The Co-operative Enterprise Hub. Michael Fairclough of the Co-op, said: “This demonstrates how co-operation can be key to community-led regeneration and safeguarding much-loved local assets.”
For more information go to www.bristolferry.com, email shares@bristolferry.com or call 0117 929 2333.
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