Home Tech Shop raises £4,000 in two weeks in shares scheme

Shop raises £4,000 in two weeks in shares scheme

by Julian

A volunteer-led community store has raised £4,000 in two weeks after launching a shareholder scheme to secure its future.

Lympsham Village Shop in Somerset opened in 1998, following a fundraising scheme in the area, and is staffed by volunteers.

People who buy into the shareholder scheme can receive the shop's annual accounts, go to shareholders meetings and make decisions on the store's next steps.

Management committee chair David Smith said he hopes the scheme will help make the shop the "centre of the community".

As reported in BurnhamOnSea.com, the shop was converted from a limited company, without shareholders, to a community benefit society in 2024 and registered with the Financial Conduct Authority.

Profits, over and above running costs and reserves, are invested back into the community to support local projects.

Burnham-on-sea.com
Lympsham Village Shop in Somerset first opened in 1998

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