Bramley Baths thrown lifeline to extend Crowdfunder

Having raised over £120,000 in just over 6 weeks, Bramley Baths has been given the opportunity to extend their first community share offer.

 Individuals and businesses have been invited to own a piece of the widely renowned Bramley Baths, in an effort to raise funds to secure the longevity of this heritage treasure.

To date they have secured, £120,865

• £70,865 – from the support of the community and other organisations
• £40,000 – Booster Fund
• £10,000 – Energy efficiency grant. A further £40,000 will be triggered when certain milestones are met

Chief Executive Officer, David Wilford said “After 12 years of being community led, progressing to being part community owned is a big step. There has been a quiet revolution with the community shares model, as a way of ethically raising finance for large projects such as ours. With support from Cooperatives UK, our offer has under gone a rigorous quality standard procedure, giving confidence to our local community, and something they can be proud to be a part of.”

“I really hope that we can save Bramley Baths for future generations to enjoy. It’s a beautiful place with an incredible history and a bright future. Thank You to everyone for your energy and commitment” – Elspeth

“I love the idea of owning a tiny bit of Bramley Baths. A great idea” – Josephine.

“Bramley baths is brilliant and worth investing in. After all the efforts to keep this historical building going since it was built to serve the community, it would be a tragedy if it could not continue doing so!” – Heather.

“I wonder if instead of buying Christmas presents, people could buy shares in Bramley Baths! It’s an investment, and it’s not too much, you can easily spend 50 quid on these days. I just clicked on the links and spent £100 on shares” Ann, 83.

What are Community Shares?

At a time when charitable donations are at an all-time low, Bramley Baths decided to fundraise in a way that would give back to its supporters, through its first community share offer.

Community shares are an opportunity for people to champion an organisation like Bramley Baths, through financial investment. Community shares are unique; they can’t be sold to anyone else, and no matter how many shares you buy, you only get one vote for your shares. That makes them a perfect way for the Baths to raise the kind of sums we need for large projects like this, as nothing will ever change the fact that the Baths can be owned by everyone.

People can invest from as little as £50, with benefits increasing with the pledge amount. Investors can choose their level of involvement, interest rate (up to 5%) and have their say on how the Baths is run.

For more information, please visit the Bramley Baths Crowdfunder