Bristol Wood Recycling Project has raised the funds it needs to buy its new premises, hitting its £430,000 target in just a fortnight. The bond offer was launched in January via Tridios Bank’s crowdfunding platform.
The co-op moved into their new site in 2018, when their original rented premises nearby was scheduled for demolition and redevelopment. They are now benefitting from more space, with separate entrances for deliveries and customers, and room to expand.
Co-founder and director Ben Moss said: “We did it! All of us here at BWRP are over the moon – and beyond – that in just over two weeks since publicly launching the bond offer, we have raised the £430,000 necessary to buy our home.
“This is the most affirming thing that could happen for us – that our community, from far and wide, are committing their faith in us, investing in our future.”
“As we approach our 15th birthday, this is a dream come true – that we can secure our home and continue our work for the benefit of the community and the planet, for future generations. Thank you Triodos Bank for your support through this, and thank you to all our financial supporters – great and small – for believing in our future.”
Dan Hird, head of corporate finance at Triodos, said:
“We are delighted to see the team at BWRP achieve their goal, and proud that both Bristol and our crowdfunding community have supported them to make their dream a reality. The impact they have within Bristol is fantastic and we’re excited to see this organisation go from strength-to-strength. Supporting social enterprises is an important part of what we do, and anyone who missed out on investing in BWRP can sign up to our crowdfunding site to be alerted on future investment opportunities.”