What is the Share Offer
Now that the restoration of the building and historic machinery at Warwick Bridge Corn Mill is complete it is necessary to move onto the next stage. A Community Benefit Society has been formed under the name of Warwick Bridge Corn Mill Ltd. The share offer is to raise capital so that the Society can fit out both the mill and a bakery to allow them to operate on a commercial basis and so ensure the future of the mill as part of the community.
This public share offer is a time limited opportunity for you, your family and friends, local groups and organisations, local businesses and other community supporters to invest in a once-in-a-generation chance to manage the Corn Mill at the heart of our community.
But this is not just about running the mill, it’s about preserving the history and heritage of the village and investing in the future of the area and its people. To create a Community Mill, run by the Community.
To lease and finish the fitting out of the Mill and Bakery will cost £120,000. We can raise that money by selling shares in Warwick Bridge Corn Mill Limited – and everyone who buys a share becomes a member of the Society. We are looking to the people of the Warwick Bridge and wider area for support – as well as relatives, friends, and others far and wide.
We have to raise a lot of money in about six weeks, so we’re asking for a minimum of £100 (that’s 1 share). Groups, organisations, and businesses can also invest. However, no one shareholder or organisation can buy more than 120 shares (£12,000).
The offer is available from 12th November until 10th January 2020 or when the maximum target is reached, whichever is sooner. The management committee reserves the right to extend the offer beyond this initial period if they believe doing so would be of benefit.
Please invest to help the Corn Mill but before you do so, it is very important that you read the share offer document. It provides you with information about the share issue, the Society, and how the Corn Mill will do business in future. You can also get information from our Business Plan and the Rules applicable for our Society.
Alternatively, you can also apply for our share offer online by clicking here.
This business plan has been developed to support development of Warwick Bridge Corn Mill which is the only surviving corn mill serving the surrounding area, Cumbria.
If you need these documents in large format please feel free to get in touch via email.