Jazz fans are almost half way there in their bid to raise
£125,000 to turn an old Newcastle
A total of £57,100 of shares offered by the
Pink Lane Jazz Co-op have been bought. This is 45% of the money needed to buy
The Globe, off Scotswood Road
The share offer has attracted national
interest with buyers coming from St Albans to Sheffield .
The biggest backers will be Co-operative and
Community Finance. They have pledged additional finance totaling £105,000
which is needed to complete the £230,000 purchase and refurbishment plan.
The 70 strong Co-op plans a presentation event
tomorrow (Monday) with live music, food and wine to update investors on
progress.
Dave Parker, a Co-op spokesman, said “This is
a very exciting and rare venture – setting up a co-operative music venue – and
one that’s committed to jazz.
“We have a long-term vision of establishing
The Globe as the place in
“It’s also a good investment. After
three years investors can expect to earn good interest on their shares.
Buyers have until midnight March 21st to invest. The quickest way is
via
The presentation is planned for Monday evening
(March 3rd) at 6.00pm, downstairs at the Literary and Philosophical
Society, bottom of Westgate Road ,
Newcastle Tyne .
For interviews, or to
attend the Lit and Phil event
contact John Rowland 0191 284 7359 or
0798 305 4924
OR Dave
Parker 0780 275 7753
MORE ABOUT PINK
LANE
BACKGROUND
Pink Lane Jazz Co-op
was formed in early 2013 by a group of local residents, jazz lovers, musicians,
poets and others who were inspired by Keith Crombie and the Jazz Cafe he set up
and ran for many years until his untimely death on 29 December 2012.
INDUSTRIAL AND PROVIDENT SOCIETY
Pink Lane Jazz Co-op
Ltd was registered as an Industrial and Provident Society on 5 March 2013
(registered number 31981 R)
OBJECTIVES
The objectives of Pink
Lane Jazz Co-op Ltd are to carry on the business as a co-operative and to carry
on any other business, trade or service and in particular to:
· Continue the commitment to live jazz, poetry,
dance and related arts established by the Newcastle Jazz Cafe in Pink Lane
· Support the rehearsal, performance, promotion
and development of jazz, poetry, dance and related arts.
· Support relevant education and training.
· Provide services and facilities for
appropriate use by members and the community.
· Manage venues to help to deliver these
objectives.
MEMBERS AND BOARD, INCLUDING SKILLS
There are currently 72
members of the co-op (at 13/02/14). We expect membership to increase
significantly when the co-op issues shares to finance the purchase of an asset.
The co-op is managed
by a board of directors who are appointed by the members. There are
currently eight members of the board as follows:
· Michael Howard (Secretary), retired chief
executive officer and accountant
· David Parker, director of a marketing and
design business (which is a co-op)
· Joan Parker, business adviser with wide
experience of co-operative and community enterprises
· David Crawford-Emery, property developer and
owner of licensed premises
· Minnie Fraser, chartered building surveyor and
university lecturer
· Don Forbes, architect
· Debra Milne, doctor of medicine (pathologist)
· John Rowland, journalist specialising in IT
Most members of the
board are also musicians who perform in and around Newcastle
CONTACT
GENERAL
Facebook: Pink Lane
Jazz Coop
Twitter:
@Pink_Lane_Jazz
MEDIA ENQUIRIES
John Rowland
07983 054924
REGISTERED OFFICE (FOR POSTAL SHARE
APPLICATIONS AND CORRESPONDENCE ONLY):
Pink Lane Jazz Co-op
Ltd
71 Highbury
NE2 3LN
SHARE APPLICATIONS
FOR ONLINE SHARE APPLICATIONS
FOR SPECIFIC ENQUIRIES ABOUT SHARE
APPLICATIONS
07554 366996.
2 comments :
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