Pledging Financial Support
Sources of Finance
We are currently researching what grants may be available, both locally and nationally, but is clear that these will only form a small part of the fundraising that is required. We have a tight timescale, and we are likely to need to raise in the region of £750,000 (from a combination of community shares, grants and donations) in order to purchase The Ivy, refurbish it and to support the cashflow until it starts trading profitably.
As part of the grant applications, we need to establish how much the wider community is willing to invest, and to demonstrate that there is a genuine willingness to contribute sufficient funds to make the project work.
How You Can Help
Make a formal pledge
The more people who are able to pledge to make a donation or buy shares—and the wider the section of the community that is involved in our project—the greater the likelihood of success. We appreciate that some people will not be interested or able to purchase shares and may prefer to make a donation instead, for which we would be extremely grateful. Many grant-making bodies offer ‘match funding’, and being able to quote your pledged amount will be of significant benefit.
If you in a position to pledge to guarantee to purchase at least 100 shares or to make donation of a guaranteed amount of at least £100, this will help us judge the level of support we have, as well as reinforcing other fundraising efforts. We would be grateful if you would complete the form below with how much money you are prepared to pledge (as a share purchase and/or donation). No money changes hands at this stage.
Whilst this is not a final commitment on your part, any pledges that are not fulfilled will significantly compromise the success of our efforts to buy and run The Ivy Inn on behalf of the community. More financial information and details of the proposals will be provided in due course as soon as they are finalised.
We appreciate you may want to have read the full business plan before pledging support; and that will be made available in the near future.
Your pledge isn’t a financial commitment, but we view it as a moral commitment! Your pledge will be used to add credibility to our campaign and will greatly improve the chances of us securing grant funding. Thank you.
Request Share Prospectus
If you’re not ready to make a formal pledge of financial support, and instead would like details on our Community Share Offer (individuals can purchase between £100 and £20,000 of shares)—please request a copy of the share prospectus to be sent to you when it is available.
