NOTE: This site is updated regularly to keep you posted.
Siop Gymunedol / HAVARDS / Community Shop
SHARE OFFER HAS CLOSED. Over £400,000 raised!
11th September: MANAGER NEEDED! We are recruiting a store manager. The job description is available. Or click the new Jobs menu view the job description. Please pass on to any suitable candidates that you know.
Late payments/investments: If you planned to invest or are late paying for your shares, don't worry, we are still accepting such investments and payments.
7th Sept. We have now reached over £400,000 in Share Sales - many thanks to all our investors. More details on the latest status is in Newsletter 9 sent out today. We have commenced formal purchase negotiations, and are also working to "Bridge the gap" between what has been received and the amount needed. Grant applications are underway.
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Please note that links for media coverage have been moved to the News Page.
Much recent interest in helping Havards Community Shop shown in August
One of our investors, Simon Aumonier, came to our street stall
We are out and about in town and elsewhere with our Street stalls, so you can come and talk to us. We are at every Monday Market - and it was great to see Simon Aumonier there on 8th August - Simon has been regularly holidaying in Newport, Pembrokeshire for 50 years. He has recently invested and become a shareholder in the Siop Havards community ironmongers project. As he said a visit to Newport would be very strange with not being able to visit the wonderful Havards ironmongers shop, it is an iconic part of the town. So many similar coastal towns have lost the majority of their traditional shops, let's keep Havards going with help from both locals and visitors investing in its future. Diolch Simon!
Havards store is a traditional Ironmongers shop dating back to 1840. It is a vital asset for the Community of Trefdraeth, and the many visitors. But the current owner has been unable to find someone to take the shop over and is likely to shut it down if a way cannot be found to keep it open.
We have set up a Community Benefit Society to purchase and to run Havards as a Community Shop. The name of this society is Siop Havards Gymunedol Tydrath (SHGT). There is more information on the ABOUT US page.
Our team put up a new banner for the Share Launch on 30th May!
We need to raise approximately £475,000. This will come from share sales, grants and loans. We are applying for a grant from the UK Community Ownership Fund and have successfully passed the first stage ("Expression of Interest") and been invited to submit a full application. We also plan to apply, as necessary, for other loans from the many places that support community projects.
We need your help! We need supporters to offer to purchase shares (interest paid and vote!). You can purchase shares online or by post - for full details see our investment page, or click INVEST in the menu.
This initiative launched in June 2021 with some excellent support from Planed with local and national press releases. It was featured on National S4C programme ”HENO”.
The funds raised will allow the scheme to purchase the Havards Shop for the community and have sufficient funding for renovations and improvements.
Volunteers (and Mayor) at Stall at the Monday Market
There are now many communities across the country ensuring that local shops are kept open through community purchase. Support has been sought from the Plunkett Foundation, Coop Wales and Planed. Please see the following link: https://plunkett.co.uk?case-studies/
This is a summary of the share purchase scheme which was launched on 30th May 2022. The full and definitive version is the share offer document (now available!)
- Shares will be sold at £1 each.
- Minimum investment £200 (200 shares), maximum investment £33,000 (33,000 shares) or 10% of the total raised whichever is the greater.
- Buying shares makes you a Member of the Society and gives you a say in how it runs - each member gets one vote.
- We aim to pay interest on shares dependent on annual profits - you can opt for either 0%, up to 2%, or up to 4% interest. The more interest you are willing to forgo, the more money can be invested back into the community.
- We also welcome gifts.
- Depending on HMRC approval we plan to offer eligible investors a scheme that allows UK Tax Payers 30% tax relief on their shareholding. More information is here.
Why support us?
It's a good investment! Community Shares are an excellent way to support this community venture, you will have a voting voice and help to keep a vital part of the history of the town and an essential community facility open.
Help the Community
Play your part in our community - the shop will save trips further afield, at a time when we need to reduce unnecessary travel. Shops are at the heart of any small town, servicing needs and helping bring people together.
Why else should I invest in Havards?
Here's where you can not only get a good return, but play your part in sustaining a vital facility. We hope the many visitors to Newport, who return time and again, will also consider investing.