South Western Hotel Community Asset Campaign

7th October 2019

Dear Supporters Today is the day that our Crowdfunder page which seeks investments for the community purchase of The South Western Hotel expires. Please see below the text of the letter we have just now sent to Tisbury Parish Council which outlines our reasons for not pursuing additional investments for the South Western (we have the option of extending our Crowdfunder page for up to three months but have decided not to do this). The letter also describes our plans for the future, namely in channelling our energy and enthusiasm towards that part of our plans which received unanimous support from the community, the plastic-free electric-powered mobile refill shop.

To: Sandra Harry, Tisbury Parish Council, by email to: Dear Sandra, Many thanks to the Parish Council for inviting us to your meeting on 1st October for an update and I am now writing to confirm the position. We have not been able to meet our fundraising target to buy the South Western on behalf of the community. So we are stopping that fundraising process, with effect from tonight. The funds raised to date will be returned immediately to investors in full. We have been asked to consider the possibility of extending the fundraising up to the end of the year. But we think it is better to establish some certainty as to the South Western’s future, and to make way for a rival bid to proceed without delay. Wiltshire Council, who listed the South Western as an Asset of Community Value in May, have told us that they are not able formally to bring the 6 month moratorium to an early close. But, as it is clear that Tisbury CBS was the only eligible community bidder, our decision to close the process will allow the other bid to proceed without delay to exchange and, at any date on or after January 3rd, completion. And we have communicated this to both the vendors and the rival bidders. We hope also that this step will help to heal some of the divisions in the community which our proposed purchase of the South Western revealed. Although we are disappointed that the huge support we initially had for our vision for Tisbury didn’t translate into enough funding, we have also reflected on the many arguments raised both for and against our proposal and the lessons we have learned. In particular, we have received near unanimous support for the plastic free refill shop idea. So we are going to focus on creating that in the form of an electric mobile service. This element of our project captured everyone’s support and interest. The greatest threat to the future of the planet is everybody’s attitude that somebody else will fix the problem. Here is the chance to actually create something which will take us one step towards a better future. This refill shop will be housed in an electric-powered vehicle, like a large float, and be partly based in Tisbury and partly be on a route and a timetable that takes it round all the surrounding villages, bringing zero waste low-plastic refill shopping to all. This is the future. Further details of our plans for this mobile refill shop will be published shortly on a (new) Crowdfunder page as well as the business plan and financial projections. And all the information about the refill shop has already been seen by the community, as it has always been a pivotal element of our plans. The refill shop will be community-owned and community-run. Please do let anyone you think might be interested in investing in this new project know about it, and share with everyone you can about what we are trying to do. And if anyone on the Parish Council, or anyone else reading this, would like to be involved, please do get in touch. It is encouraging that the Parish Council have raised no objections to our plans for a mobile refill shop and we look forward to liaising with the Council further as we launch. Yours sincerely, Martin THOMAS Chairman, Management Committee, Tisbury Community Benefit Society Limited

Please head over to our Crowdfunder page or click on the INVEST NOW button below for more information and the exciting opportunity to become part of a community owned business.

To make this a reality we need your support. Our fund raising target is £75,000

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Tisbury CBS is a Community Benefit Society registered in 2018 under the Co-operative and Community Benefit Societies Act with the Financial Conduct Authority.

© 2021 by Tisbury Community Benefit Society   CBS#7874.  Ark FarmTisbury, SP3 6RP

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