May Newsletter 2023

Just one more step to Y Cross the line!

Thank you so much to all those that have participated and supported our Share Offer.  As of 7th May 2023, together we have raised an outstanding £192,650. This is an incredible show of support for our community enterprise and puts us within touching distance of our minimum target of £200,000.

The Board of Directors have met, and as detailed in the Share Offer Prospectus, they have approved a 14-day extension to the Share Offer from 7th May until 21st May 2023. Efforts will be used during this window to bridge the funding gap. We are aware that there are still some last-minute investors who want to be involved.

Our goal is in sight and there’s still a chance to be included, to own a part of our last remaining community asset and reimagine it’s use for our benefit. If you have friends or family, work colleagues or know of any businesses that may be interested in social impact investing, there is still time to do so. We therefore warmly invite you to spread the word and encourage them to get involved. The minimum shareholding is £250. If you have already invested at least the minimum amount, then further increments of £50 can be applied for. Just decide what you can afford and fill out the application form. Pop your form in an envelope and drop it into the Y Cross post box situated in front of The Cross Inn, Hayscastle Cross SA62 5PR.

Every pound raised through the Share Offer will unlock an opportunity for government matched funding which has the potential to double the share funds raised.

The pub will close in July this year and time really is of the essence.  The sooner we reach our funding target the sooner we can make a formal offer and secure the asset for the community.

Thank you for believing in our project. Your support and investment are vital to our success. The hard work and dedication of the Y Cross team and its many enthusiastic community volunteers is truly phenomenal. 

Together we will make this a great success!