A softened street view from the road without the hall close to the front boundary obscure views of the chapel. Natural coloured pavers for the off road parking area screened by hedging and planting.
Its early days and still detail to add to our plans but we aim to be trading by June 2023, a challenging target but one we'll work hard to achieve.
If our offer is accepted by the Baptist Union Corporation, our next steps will be to:
apply for planning permission to demolish the hall, create the car park, install solar panels and get change of use from F1 (place of worship) to F2a (local shop).
start our capital fundraising with a view to completing on the purchase in February/March 2023.
work closely with Ian to ensure a smooth transition of the Post Office is possible.
We have already updated our previous business plan, much of which is unchanged as our business model and development ideas were sound. Timing and the actual site, with the opportunities it provides, are all that's really changed.
Photovoltaic solar panel's will mitigate the increasing energy prices that the business will now face - the major operating cost after staff wages.
Costs and Funding
Based on costings for our previous plans we estimate that we will need to raise a total of:
We have drafted an initial funding plan:
£299,500 – Community Ownership Fund
£200,000 - community share offer.
£160,500 - other grants
Community Ownership Fund
Last year our application for £250,000 was successful. As we now intend to acquire a different asset, we will have to re-apply for £299,500. We hope to repeat our success given our aims and business proposition are fundamentally the same.
Community Share Offer
We plan to raise £185,000 through our share offer which we aim to launch in November 2022. Achieving this target will demonstrate to other funders community backing for our project.
The funding landscape has changed since January. We have researched the currently available funds that our project is likely to be eligible for and shortlisted the funders we will target.
A much bigger retail area with a sense of space and wide, accessible aisles.The old Sunday School room will provide a flexible space for a wide variety of ancillary uses. It will be used to celebrate the chapel's history
The hall will be demolished to make room for sufficient off road parking.