A Community Network for Bowes Park and Bounds Green
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Great news - Save The Step have now reached £150,000 of investment towards the £250,000 target, with the deadline of 19 March still 10 days away.
It says here the grant is £300,000
???
https://www.gov.uk/government/case-studies/300000-for-myddleton-roa...
Hi Anna,
Yes, there is £250,00 match funding grant towards capital costs and up to an additional £50,000 for start up costs such as lawyers, architects etc.
The funding requirements and grants etc are set out in the share offer document:
ok, I see.
Please don't let it be turned into another "money washing" cafe that are all over the High Road
£240,000 of the £250,000 investment target has now been reached, with one day to go.
£120,000 refurb costs?
£50,000 startup costs?
Mmm.. I hope there is some transparency and/or a breakdown given about these costs
Hi Annie & Anna,
Sure. Sometimes it is difficult to see all the responses, especially on a mobile, so I have copied my previous response to Anna here:
Yes, there is £250,00 match funding grant towards capital costs and up to an additional £50,000 for start up costs such as lawyers, architects etc.
The funding requirements and grants etc are set out in the share offer document:
MRCBS share offer - 16 Feb 2023.docx (savethestep.com)
Many of the costs, such as for the building works are only estimates at the moment, so will need to evolve. The Save The Step team will provide regular updates on progress. If you have any specific questions now I suggest that you get in touch with them at hello@savethestep.com
Daniel
Fantastic news - Save The Step have just bought 101 Myddleton Road. The purchase completed on Thursday and it is finally in community ownership. With price negotiations behind them, they can now reveal that the share offer smashed its target and raised over £285k! A huge thank you to everyone!
Next up is the (extensive) refurbishment of the building and selection of a tenant to run the new business.
That is spectacular!!! So pleased! well done everyone
https://savethestep.com/wp-content/uploads/2023/02/Save-The-Step-Bu...
This should have launched last month, according to the document above.
The shop still looks empty with no work being done.....
Connecting the communities of Bowes Park and Bounds Green in north London.
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