Council approves loan for village shop
PUBLISHED: 12:51 12 September 2014 | UPDATED: 12:51 12 September 2014
The Otterton Community Shop project has received a cash boost thanks to district chiefs.
East Devon District Council’s cabinet agreed to offer the shop an interest-free loan of up to £10,000 for up to five years last week.
The cabinet had been addressed by shop committee chairman Viv Price, who told councillors that the village had been without a shop for eight years, with villagers having to make a six-mile round trip to the nearest shop. She said the new store, to open in the village hall’s former snooker room, would bring a ‘heart’ back to Otterton.
Ward councillor Ray Bloxham told the cabinet that the shop committee had already raised a significant amount of funding, and hoped to secure the full total required, but that a loan would provide a short-term solution should there be a shortfall in funds.
In approving the loan, members praised the neighbouring East Budleigh Community Shop, and said they hoped the Otterton shop would have the same success.