Investors can help Bristol get shipshape

A £250,000 float has preserved the future of the ferry service

Community power was in action on Bristol’s waterways this week. The newly formed Community Benefit Society is floating shares to raise the £250,000 needed to bring local yellow and blue ferries into community ownership.

The share sale for Bristol Community Ferry Boats was launched on Wednesday – just six months after the harbour service and tourist trips were saved from going under by a group of local well-wishers.

Now the co-operative hopes that people will want to co-own and play their part in preserving the yellow and blue Bristol Ferries for future generations.

Founder member Mark Tucker explained: “The new community benefit society will have no bank debt, it is run by experienced ferry operators and the share price is set to encourage the widest possible ownership – we believe that this is the best possible foundation for sustainable success.”

Shares start at £100 and the projected returns are projected to be between 3-5 per cent a year . Investors may also qualify for tax breaks through the Enterprise Investment Scheme and the Seed Enterprise Investment Scheme.

The share float is being backed by The Co-operative Enterprise Hub. Michael Fairclough of the Co-op, said: “This demonstrates how co-operation can be key to community-led regeneration and safeguarding much-loved local assets.”

For more information go to www.bristolferry.com, email shares@bristolferry.com or call 0117 929 2333.