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Advertiser TORPOINT & DISTRICT
Issue 437 March 2018
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Community invited to invest in new enterprise
Exciting plans for Cawsand’s Old Ship Inn One of Cawsand’s oldest pubs could be rising from the ashes - literally. The Old Ship Inn stood empty for many years, before it was destroyed by fire in 2013, leaving an empty ruin. Now the Peninsula Trust have bold plans to bring the derelict eyesore back to life. They want to restore the Grade 2 listed building and turn it into an important community asset. The Peninsula Trust has over 600 local members and it aims to raise the cash needed for the project by offering local residents the chance to buy shares in the new enterprise. The Community Share Offer, which opens on March 15 will allow private individuals to invest in The Old Ship as part-owners, with a modest dividend once the enterprise is trading profitably. There will be a meeting to discuss the share offer at the Kingsand Institute at 7pm on March 15. General Manager Simon Ryan explained: “It will be a monumental task, but we have very clear aims for the project. The launch of the share
Volunteers wanted at Antony - page 7
offer providing individuals with the opportunity to invest and become part-owners of the building, an essential part of making this a truly community led initiative.“ On the ground floor, the bar area of The Old Ship
Torpoint’s new tea room - page 5
• continued on page 2
Investment House, Tamar Street, Torpoint, Cornwall, PL11 2AW TEL: 01752 815766 EMAIL: admin@swimltd.co.uk WEB: www.swimltd.co.uk
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