Chance to share in Youth House take over

By Harriet Ernstsons Friday 22 February 2013 Updated: 22/02 10:04

Latest News

Buy photos » RYCE members will be able to take shares in Redditch Youth House. Picture by Ian Dipple (s).

RESIDENTS could be offered the chance to buy shares in the company trying to takeover Redditch Youth House.

Members of the Redditch Youth and Community Enterprise (RYCE) are currently waiting to have their charity status registered with HM Revenue and Customs.

If their bid to take on the Ipsley Street building when it is sold by Worcestershire County Council is successful, they will be offering residents the chance to invest. In the process it would become the first charity in the country to offer shares to its members.

Nick Comley from Community First, which has been helping the organisation prepare funding bids, told a public meeting on Wednesday (February 20) the choice to become a community benefit society meant RYCE would be able to offer shares rather than relying solely on donations as most charities do.

"Increasingly communities are having to rely on their own resources to preserve amenities and facilities. This is a real and genuine resource that could be lost and once it has gone, it is lost forever," he said.

"There is an opportunity here if the community steps up to the plate and really pulls together we can move that forward and prepare a plan for growth.

"This is a self-help organisation and about the community empowering itself."

RYCE chairman Ray Groves added they were looking to develop a community hub which would be available from 8am to 8pm for any groups which wanted to use the Youth House.

"This building will be owned by the community and run by the community. Members can change what we are doing and we want their feedback to help us get this building in a state where it can pay for itself."

Currently no firm date has been set for the county council to put the building up for sale, although it is hoped if negotiations begin before the end of April the building could be reopened by the end of the year.

Share This

Popular »

1 Lack of response putting people off

2 Going the distance for Ben

3 Historic church up for sale

4 Campaign starts to save church

5 Outstanding school

More news »

Tenant row Tory councillor quits party

A BOROUGH councillor who sparked outrage with his

Turn a five into a fortune for the Primrose Hospice

YOUNG people from Redditch aged nine and upwards

Bedroom tax will hit those already struggling to pay rent

ALMOST a quarter of council tenants set to

Government cuts council's grant again after appeal

AN APPEAL to the Government against Redditch Borough

Regional news »

Bromsgrove Standard
Ambulance demand soars as people go out partying

WEST Midlands Ambulance Service received double the number of calls ...

Worcester Observer

Visit the Worcester Observer website for the latest.

Stratford Observer
Dog deaths M40 lorry driver jailed

A YOUNG woman was severely injured and four valuable show ...

Evesham Observer
When your bin will be collected this Christmas

WASTE collections across Evesham and Pershore will be done at ...