A quick update for you – we will be having an assessment visit from (hopeful) funding partners Power to Change on 13 October. As we understand it, the visit will enable our funding bid to go to their November grants meeting and we should know the outcome by late November or early December. If all goes well, we should be in good shape to open the business in April.
Meanwhile, we are researching a ‘plan B’ in case the above ‘plan A’ fails. We are hopeful of funding from PTC but our chances are difficult to assess. We will need grant funding from somewhere so that we have sufficient capital and, if things go to plan, so that we can cover loan repayments from profits.