Hello everyone. We had our assessment visit yesterday from Power to Change and they confirmed we would be on the agenda for their grants meeting on November 25th. The team that came down will put together their assessment and recommendation for the committee and we will not be involved in any presentation or discussion.
It is still hard to read where we are. It was a good positive meeting clarifying various points and suggesting we add a bit more detail behind some of the finances to show figures are not just plucked from the air! For example, we need this much for stock to buy this many oysters of this size at this cost and where the cost figure comes from. Nothing that gives us a problem.
They didn’t raise any substantive queries or appear concerned with any aspect of the bid so it’s fingers crossed. It is however a competitive process and some ‘good’ bids won’t get through.
We have already been amazed with the response of the Porlock Bay Community to our letter asking for expressions of interest to granting Porlock Futures C.I.C. loans for the company start-up and initial period.
Of 850 letters we have had 150 responses ‘pledging’ over £50,000. This is a remarkable demonstration of how much the Porlock community supports us.
Yesterday we invited everyone to attend an afternoon meeting in Porlock Village Hall.
About 80 people turned up to hear our progress report and future plans. We were subjected to searching questions – quite rightly. Then when we explained that because of a reduction in the available grant funding we still needed to raise more capital. The response was immediate, different people suggested doubling then loan offer, others suggested not taking any interest.
Several people said how pleased and proud they were of the both community and our oyster venture resulting in spontaneous and prolonged applause.
It makes all our efforts feel worthwhile.
Porlock Bay Oysters is a community project. In less than 3 weeks from being asked, 74 people have indicated that they would be willing to invest in the project to the tune of £35,000. This is nearly 9% of the community – a fantastic response.