Narberth is a busy, vibrant town with the rare commodity, a good, strong community.
Narberth Energy Limited successfully launched a share offer in October 2014 raising just over £105,000 to finance the purchase and installation of a biomass boiler to provide heating for the swimming pool.
It is here, congratulations to the fabulous Friends of Narberth Pool, reports oneNarberth, the independent community platform for the town. "This is a superb share offer document that the town can call its own. From today (3:00pm, Saturday 4 October 2014), the people of Narberth, West Wales and beyond have the opportunity to take matters into their own hands. The bid to see Narberth Swimming Pool become a community asset is about to begin".
One year on the share offer is now closed and the boiler is up and running. The pool has been saved for the community and is being run by the charity SwimNarberth.
We have applied for SITR (social interest tax relief) to provide an immediate benefit to our generous share holders and look forward to paying interest from 2017
Narberth is a busy, vibrant town, with a traditional High Street and the rare commodity of a good, strong community, in all senses of the word. It has a proven track record for being able to make community based companies into successful enterprises. Narberth Energy will be no exception to this. As an energy provider to the Narberth Swimming Pool, it will be enabling our community to keep an essential facility, which is an integral part of our town. Narberth Swimming Pool does not rely on seasonal trade, it is used by a large rural community and has the potential to expand, far beyond the present usage. The population of the town is rising every year, with four substantial new housing developments planned in the next three years.
The trade of Narberth Pool has been badly neglected since 2003, despite being much busier than some other pools in the area. As a community pool it will have the potential to earn much more by advertising, expanding the provision for existing customers and encouraging new users. After initial planned improvements, it will also be able to access funding and grants to improve and expand the current building, whilst greatly reducing running costs, with the help of Narberth Energy, using green, affordable heating.
It is essential that we raise the necessary funds to buy the Biomass Boiler with the share offer by the end of October 2014, to stop the pool being closed on the 1st of November if this is not the case.
Chair of Narberth Energy Limited
The original share offer document