On Saturday Feb 11th, SHARE had an open meeting in the Parish Hall, where we were able to unveil our next project, and the plans we have going forward. We realised not everyone could make it; this is intended to put everyone in the picture.
What’s the news? We are delighted to announce that we have secured an Option on about four acres of land just outside Trevigro. This gives us first refusal and a fixed price for two adjacent fields down by the stream opposite the South West Water works. The space is big enough that we can use it for several things simultaneously, and we have a whole range of options open to us.
For the last few years, SHARE has done well across a number of projects, including firewood, recycling, solar power, tree planting and the Orchard, all of which are dependent on the generosity of members or other people – by donating materials, or by allowing us to use their premises to conduct our activities. Now SHARE can have a place for itself, where it can run a number of projects literally on its own turf.
Why would we do that? There’s room for planting some coppicing trees, such as Hazel, which would bolster our firewood supplies. Without planting, sooner or later we’ll run out. It’s a lovely spot, which we can manage for a more biodiverse environment with selected planting of native species. There’s a wet area, where willow for harvest would do well, and plenty of room for south facing ground mounted solar if we wish, and recreational space for all to enjoy by the stream. Access is good, as the public footpath from Trevigro to Haye Mill runs alongside the fields, as shown in pink on the map.
Having the option means that we have a year to decide whether to complete the purchase, and if so, raise the funding to do so. The land would be owned by SHARE, forever.
How would it be paid for? There’s a whole range of options available to us, depending on how much we feel we should tap into SHARE’s reserves. A mix of reserves / loans / interest is up to us to balance, in exactly the same way as SHARE funded the Church Park installation. Likewise, the interest on the loans is already secure, as the revenue from wood sales and the Solar PV already covers it.
So what next? There’s a timeline in the chart below. Firstly we need to understand the range of options for what we’d do with the land, and how it’d be paid for. By midsummer, we will be publishing a Prospectus which describes all we could do, and how it could be funded. We need your views – both now in thinking of the usage and later in response to the prospectus. Then, at the AGM, we’ll put a simple straightforward question to the vote: do we go ahead or not? With a Yes answer, we then have the remainder of the year to secure the funding, make investment offers so that the sale can be completed before the option expires in February 2024.
If you have ideas about how the space should be used, what we could do, how we could fund it or even whether we should grow SHARE like this, please let us know by getting touch via email to share@south-hill.co.uk
