Red Brick Building Crowd Funding Campaign
Red Brick Building launches a crowd funding campaign to attract new community shareholders and donations to qualify for a Power to Change Lottery grant to develop the adjacent derelict building.
The Red Brick Building is an innovative community project based in the former Morlands Buildings Factory situated between Glastonbury and Street, Somerset.
In 2009 a group of concerned young people squatted the derelict Morlands buildings in an attempt save two historic buildings from demolition. Local residents responded, a community benefit society was set up to develop the vision of a community hub. In Dec 2010 a community share offer was launched that has attracted over 300 shareholders, along side an RBBC investors club together have saved one of the buildings. In last six years it has become a vibrant community space, offering affordable workspace for social enterprises, an award-winning restaurant, a local FM radio station, venues for education and arts, a holistic health practice, a youth club and an events space for residents in the community.The adjacent derelict building now urgently needs attention.
What we'll do:
Match fund to qualify for Power to Change Big Lottery Grant
Urgently secure a new roof on the derelict building
Look for new community shareholders and donations
Develop long term strategy to complete the refurbishment of derelict building Gather local support for the next stage of the Red Brick Building Community Project
Why it's a great idea:
The Red Brick Building has been awarded a Power to Change Big Lottery Fund grant, but in order to qualify it needs to raise £75k in match funding.
The Red Brick Building Ltd is a Community Benefit Society and is looking to attract donations and new shareholders to join the 300 existing shareholders. Pledges of £100 and over will be eligible for community shares through application. for more information on our Share offer please visit www.redbrickglastonbury.co.uk/red-brick-community/ shareholder/.The monies raised from the Share offer will go towards repairing the roof on the building known as Building C, which is currently derelict and in need of urgent attention before it falls into further disrepair.