Next Meeting: 7:30pm, January 12 2017, The White Swan, Outlane
Mr Gale, as many of you now know lodged an appeal against the refusal of his planning application (15/01442/CON) at the 11th hour on 3rd September. This has not been made public knowledge until now as we had to wait for the Planning Inspectorate to validate the appeal and assign a Planning Inspector to the case.
The appeal will be heard at a public hearing at Halifax Town Hall at 10:00am on 2nd Feruary 2017.
Due to the imminent planning appeal hearing, we are focusing our attention on the preparation for what is probably the biggest event in our history. Once that is out of the way and the outcome known, we will be back with more great community events
SHARE ISSUE UPDATE...
It was only a matter of weeks after launching our unique share issue that Mr Gale, the owner of the Holywell Inn, submitted his latest planning application, which moved our focus from promoting the share issue to fighting a planning application that should never have been allowed to be considered.
So, now we have that obstacle out of the way, we can get back to business, and boy are we in better shape then we were 6 months ago.
Without the promotion it deserves, the share issue has still been steadily growing, providing a regular income to the campaign. These funds are sitting in the Holywell Community Pub Share Issue bank account, and will only be used when we are in a position to purchase and renovate the building.
This regular income is such a positive message to give to funding bodies, it shows that we have a core of people committed to the venture, and have the necessary funds to service finance in the short term until the Holywell Inn is finally re-opened.
But ideally, we need more investors. The more investors we have the more attractive our proposition looks to financial institutions.
So here is a summary of the Share Issue:
Share Offer - 120,000 shares at £1 to raise £120,000
Maximum of 100 share subscriptions - Any member can buy more than one subscription
Instalment based - £25 per month per subscription for 48 months
Target annual compensation - Up to 2% over Co-Op bank Base rate
Every member has an equal say, one member one vote
To become a member is very simple just download the Share Issue Prospectus HERE and read fully. Complete the standing order mandate and return it to your bank. And that's it.
However, if you have any questions, don't hesitate to contact the facilities manager, Mark Stead by phone on 07737 884679 or by email at hcplShareIssue@outlook.com