It’s the big ROLLE out!

11:34 09 February 2012

The Owen Building at Rolle College

The Owen Building at Rolle College


IT is crunch time for the town-driven Rolle Centre - and its future depends on £500,000 being raised over the next six weeks.

Roger Staker, managing director of Rolle Exmouth Ltd (REL), said that share take-up, earmarked for the end of this month, would determine if the former college campus had a future as a £3.5million business, education and community hub.

He made the comments at a public meeting at Exmouth Pavilion, which was packed by hundreds of people who pledged their support to the community venture.

The first share issue is the culmination of two years of hard, backroom negotiations between not-for-profit company REL, set up by residents, and site owners Plymouth University in a bid to retain the ‘best half’ of the 13,000sqm site for the community.

It follows Rolle College’s closure in 2008 after 70 years.

Mr Staker said he hoped that the first share issue would be at the end of February, over a limited four to six-week period.

Each share will cost £5, with a minimum investment of £100 and a maximum investment of £20,000.

The £500,000 will pay for the recommissioning of the buildings on the 7,000sqm site.

Some buildings date from the 1960s and work is needed on the plumbing, heating and electrics, creating jobs for local tradespeople over two years.

The first buildings, however, could be open for use by the autumn.

Mr Staker said: “To be prudent and transparent, the business plan has been built on a foundation that does not include taxpayer subsidy.

“We want to make sure the Rolle Centre can stand and develop on its own.

“This project is now at a point of simple truth; if we raise enough money as a result of the share issue, we can begin to execute the business plan and get the Rolle Centre up and running.

“If the share issue does not raise enough money, the Rolle Centre will be unable to progress.”

REL will pay £50,000 in rent each year up to 2015, totalling £150,000, before buying the site for £2.85million.

REL chairman Roy Pryke said: “We are delighted that the pavilion was packed with residents who are more determined than ever to see this project succeed and have pledged their support.”

Go to:


Other News Stories


Work is now well under way on the construction of Exmouth’s new M&S food store - with its metal frame appearing on the skyline.

Read more

A pet dog turned hero, protecting its family as they slept, when it chased off a burglar from a home in Brixington.

Read more
25 minutes ago

Winter shoppers will be able to benefit from cheaper car parking in East Devon, thanks to a returning offer from the district council.

Read more

Residents are being invited to have their say about plans to cut hospital beds in East Devon – possibly in Exmouth – at public events.

Read more

A self-funded social club in Exmouth for adults with learning disabilities is urging people to support its bid to fund to new bus.

Read more

A fish restaurant franchise which will open in Exmouth in December has been nominated for a seafood award.

Read more

The NHS is consulting on proposals to axe prescriptions of gluten free food in North, East and West Devon for those suffering coeliac disease - what do you think? Vote in our poll.

Read more
Yesterday, 14:45

The Mount Charles-owned Fed & Watered Café-Bar in Exeter Airport has won an industry award, presented by former Pop Idol winner Gareth Gates.

Read more
Yesterday, 14:33

Do you have spooky happenings at home? With Halloween on the horizon, take the spook-tacular quiz to find out if those unexplained bumps in the night are your imagination, or signs of a haunted home.

Read more
Yesterday, 13:37

A 61-year-old Budleigh Salterton man who grew cannabis for his own use has been handed a suspended jail sentence

Read more

Local Weather



max temp: 14°C

min temp: 11°C

Most Read News

Useful Links

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

Family Notices 24

Read Online

Read the Exmouth Journal e-edition E-edition

Newsletter Sign Up

Local business directory

Exmouth's trusted business finder

Show Job Lists

Find planning applications