There is a wonderful example down here in the far west of Wales of
how people can pool their often meagre resources to create something very
special for the community
An update on the project was given to participants this week – and
progress is good.
Back
in 2010 more than £200,000 in share capital was raised by locals in the
Cardigan/Aberteifi area towards the purchase price of a large redundant site in
the centre of town. The are had included a farmers’ coop outlet, and included in
the sale were a large yard, a cottage and various other buildings.
At
one time there had been a plan by developers to turn the area into a shopping
mall. Thankfully this failed to gather much support.
But
with the help of a loan to top up the funding raised through local shares the
site was bought by the local group, which is known as 4CG (Cymdeithas Cynnal a
Cefnogi Cefn Gwlad / Society to Sustain and Support the Rural Countryside). www.4cg.org.uk
Some
of the shareholders were able to secure their stake, at £200 a share, through a
loan from the local bank, the Credcer Credit Union - http://credcer.co.uk/
So
a truly local project, with hundreds of local shareholders was born. Many people
just bought one or two shares – but everyone has a vote.
Initially, the main objective of the communal purchase of the Pwllhai
site was to facilitate cheaper, convenient and accessible parking for the town,
for the benefit of shoppers and tourists.
The parking fees are much less than the car parks run by the local
authority, Ceredigion County Council. Convenient
and affordable parking was seen as a basic requirement for the prosperity and
survival of the nearby high street. This was set up first and is working well,
bringing in much needed income to help pay the mortgage.
4CG made a loss in its first year, largely due to start up costs
and legal fees associated with the purchase of the site. But this week
shareholders heard that in the first six months of the current year there is a net
surplus of income.
This was what we said about the scheme when it started a couple of
years ago: ‘The intention of the 4CG enterprise is to also support fishermen,
farmers, growers, artists and to offer all local producers an outlet for their
goods.’
Well, we are doing all that already -- and we have gone even
further than that now.
Loads of local veg every week |
There is a market at the site every Thursday throughout the year featuring
top quality and reasonably priced produce, including fruit, veg, award winning cheeses,
meat, cakes, eggs, garden plants, crafts and fish and seafood from local
fishermen. This market is celebrating its
first year in business this week. It has a great atmosphere and there is always
music from the guitar makers who have a stall there. There is coffee and takeaway
food on sale all day and tables and chairs are always set out for customers to
use.
The Old Bike Store at the Pwllhai site was renovated and is now leased
to the Jig So children’s centre, which provides services to local families on a
daily basis.
The former co-op store has been renovated by volunteers from
Cardigan’s own Eco Shop, and now provides a large area for sales and information
on sustainable living. Another building on the site has been opened by CADAMM,
the Cardigan maritime and agriculture museum.
More work is due on site clearance and removing some of the buildings
to open up the car parking facility even more.
Local cheeses in the produce market |
Many grants are being applied for to help develop various projects
and the possibility of buying another nearby building is being investigated.
There are also plans to set up alternative means of energy generation for the
benefit of local people.
As was pointed out at the shareholders’ meeting this week, that it
took a lot of people each putting in a little bit of money to get this going, mostly
what it has taken to maintain and grow it has been the huge enthusiasm of local
people.
There are other similar enterprises either already growing in this
area of south Ceredigion and north Pembrokeshire – energy schemes, community-owned shops and maybe
a community-owned farm.
As one 4CG shareholder said: ‘This is the only way to secure our
future in today’s world – to own the resources and the means to produce our
food and energy locally for the use and benefit of local people. This is how we
will survive.’
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