12 Sep 2019 - 09:35

At the EGM held on Monday 9th September members unanimously supported the resolution to convert the company into a charitable community benefit society.  The new set of rules were agreed, and these will be sent to the Financial Conduct Authority for approval.  The rules are based on their agreed standard wording.

This will allow the Trust to start to recruit members through an initial members’ share offer and later to raise capital through a community share offer.

The members were shown the results of the re design which will reduce the costs by 35% and yet still allow the full range of courses delivered by local experts to take place.

A copy of the minutes of this meeting can be downloaded below.