october books bid the bank news

We are really excited to announce that our proposal to buy the old NatWest bank in Portswood has been accepted in principle. As many of you know, we have been looking for new premises  and the NatWest bank building provides more than enough space for the relocation of the bookshop. The bid was a consortium proposal with collaboration with other local organisations, including the Society of St James and Social Enterprise Link Wessex.  We have until March 23rd to raise most of the funding required.

The proposal requires £300,000 of community funds plus a loan in order to make the purchase possible. This seems like a big ask, but we have over £70,000 already pledged by community members and supporters of the scheme, which will see the space develop into a community hub. The plans are not finalised yet as we had to move quickly in order to make the most of this opportunity but we imagine the space to provide rooms for hire for community events and health and well-being activities, a social enterprise hub as well as supported housing for the homeless.

We are asking you, our community, to pledge funds for a minimum of five years to make this project possible. This is your opportunity to be a part of a new kind of High Street, one where you are involved and one which you can help to create. This is  such an exciting opportunity and we need your help to make this happen.

Please pop in to the bookshop for more details or write to us info@octoberbooks.org.

P.S. If you’d like to have a look at the plan for the bank building, you can download it here.

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