Business plan being finalised as Rolle share issue looms

10:46 16 February 2012

The Owen Building at Rolle College

The Owen Building at Rolle College

Archant

Shares for the Rolle Centre will be available from March for six weeks.

The first share offer will have a minimum investment of £100, although syndicates of four people can club together to buy a bundle.

A total of £500,000 is needed to re-commission the buildings at the Douglas Avenue site including the main building, the Owen building, the Daw building and the administration building.

However, before buying shares purchasers are advised to read the detailed share prospectus, to be published in March.

This will include a summary of the business plan and will be on the website www.rollecentre.org as well as available in hard copy.

Roy Pryke, chairman Rolle Exmouth Ltd, said: “We do not expect the Exmouth area to provide all of the £500,000 and more that will be needed to re-open all of the buildings in due course, something like £200,000 in the next few months from the local area with a similar sum from elsewhere would set us under way.”

He said they were seeking funding from other sources, but local support was needed to unlock some of those, such as the Big Lottery Fund.

Mr Pryke clarified that, although the directors of REL were unpaid volunteers, and would continue to be so, when they take over the Rolle Centre the managing director would be paid a wage.

He added: “The response at the public meeting and since has been very encouraging in terms of financial and practical help. We have responded to the strong wish expressed publicly to save Rolle and provide new opportunities.

“So far, so good. Now we have to finalise the business plan, complete the details of the share offer and confirm with the many interested organisations how the Rolle Centre will take new shape.”

More information is available on the web-site www.rollecentre.org

If anybody wishes to clarify any points or to offer help would they please contact the managing director, Roger Staker, at admin@rollecentre.org

0 comments

Other News Stories

Yesterday, 18:31

A storytelling for grown-ups workshop takes place tomorrow (Saturday, October 1) at Twyford House, Sidmouth.

Read more
Yesterday, 16:34

Police say they have identified a semi-naked woman who sparked anger and scorn after she was photographed in a gross act of indecency with one of Exmouth’s dinosaur trail models.

Read more
Yesterday, 12:30

Withycombe motorists face disruption due to water supply works for the second time this year after an upcoming road closure was announced by South West Water.

Read more
Yesterday, 11:00

The first Exmouth Community Market (ECM) is tomorrow (Saturday, October 1), from 10am to 6pm, in The Strand.

Read more
Yesterday, 10:00

An Exmouth athlete says he is ‘proud’ to have returned to the Paralympic Games, 12 years after making his debut.

Read more
Yesterday, 06:30

Police are appealing for information following a burglary in Exmouth.

Read more
Thu, 18:30

There’s still time to discover toys that are not only educational but have a serious adult message.

Read more
Thu, 12:30

A binge drinker has been fined for stealing perfume.

Read more
Thu, 12:01

Fire crews were called out this morning (Thursday) to reports of a fire at a home in Rolle Street.

Read more
Thu, 10:50

Warnings of a potential nature and wildlife ‘catastrophe’ have prompted a motion calling for Devon County Council (DCC) to take action ‘before it is too late’.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 14°C

min temp: 10°C

Most Read News

Useful Links

Advertise in the Paper
Submit a Story
Subscriptions Order
Competitions
Photo Orders
Family notices
iwitness24
Google Plus
Facebook
Twitter
Reader Travel

Family Notices 24

Read Online

Image
Read the Exmouth Journal e-edition E-edition

Newsletter Sign Up

Local business directory

Exmouth's trusted business finder

HOT JOBS

Show Job Lists


Find planning applications