Greengrocery co-op saves shop
By amtadmin • Feb 15th, 2010 • Category: frontpage, NewsThe West Yorkshire town of Slaithwaite has saved its local greengrocer - by setting up a co-operative to take it over and run it. The shop was on its last legs and had been on the market for some time.
A community share issue was launched, with shares priced at £1, with a minimum purchase of £10. The response was almost overwhelming. Within a week, £12,000 had been raised, enough to buy the business, begin the refurbishment and start to restock the shop.
The Green Valley Grocer smashed its sales targets and has had a positive effect on the trading of nearby businesses. Three months after opening, its turnover was five times that of the old shop.
To find out more about how they went about it, go to: Green Valley Grocer story
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