Community bands together to buy their local shop with help from AB4G programme
Acquiring Business 4 Good (AB4G) is delighted to announce the completion of another community business acquisition. Bigton Community Enterprise bought a local shop on mainland Shetland on 14th April 2012. The acquisition was facilitated through shares bought by the community members and supported by Shetland Islands Council, Highland and Islands Enterprise through the Business Gateway and The Co-operative Enterprise Hub as well as the Big Lottery funded programme, AB4G.
More Information
The renamed the Bigton Community Shop was opened on Monday 16th April with some new range of products from Scoop and the Co operative shop in Lerwick in addition to the supply of vegetables, fresh fish and meat from local producers. The shop opening hours are to remain the same for the short term.
On April 14th a cheque and flowers were presented to Dunese Fullerton outgoing owner as the keys were handed over to newly appointed shop manager Caroline Smith. Over 20 volunteers worked over the weekend to prepare the shop for its first day of trading on Monday. In addition to the shop manager, the shop will be staffed by volunteers initially.
Mrs Fullerton will continue to act as sb post mistress to ensure the Post Office remains open whilst transfer arrangements are progressed as the Post Office is seen as an integral part of the shop and an important asset for the community.
Chairman of the co-operative, Bigton COmmunit Enterprise, Rick Nickerson said: "The committee are delighted that the project has reached another milestone in keeping both the shop and Post Office open. This could not have been achieved without the support of the community and assistance from agencies such as SHetland Islands Council, HIghland and Islands Enterprise through the Business Gateway, the Acquiring Business 4 Good programme of Social Firms Scotland, the Big Lottery and The Co-Operative Enterprise Hub. I would also like to acknowledge the role of Dunese in the smooth transition and in particular her patience on the time it has taken to recah this point."
Core Facts
Two pictures: Bigton Shop Acquisition - photo by Ben Mullay and from left to right: Shop Manager - Caroline Smith, Dunese Fullerton, Bigton Community Enterprise chair - Rick Nickerson. Bigton Shop new name - photo by Josie Kay
Quotes
"We have worked with Rick and the Bigton community for 13 months, and are delighted to see successful completion of this deal. This transaction is a good example of how the Acquiring Business 4 Good programme works alongside various local partners to deliver the support communities need to buy a private business. We are looking forward to attending the official launch on 23rd June with Tavish Scott and other local dignitaries."
Karen Anderson, Acquiring Business 4 Good programme manager:
Company information
- About
- The Acquiring Business 4 Good (AB4G) programme works across the Third Sector delivering mergers and acquisition support.AB4G is a pioneering pilot project developed by Social Firms Scotland and funded through the Big Lottery’s Dynamic and Inclusive Communities fund. One of our key areas of support is to assist social enterprises and charities to acquire profitable private businesses. We also support organisations looking to work together, develop partnerships or merge, either within the Third Sector or cross sector. Social Firms Scotland is the national intermediary promoting and supporting the development of Social Firms. Social Firms are a distinct type of social enterprise. They are recognised internationally as market-led businesses working in a wide range of sectors with the specific social mission of creating employment for people most disadvantaged in the labour market.
1st May 2012
Main Press Contact
Karen Anderson
Programme Manager
0777 1818 277
Relevant links
Previous SMNRs
-
Family Enterprise to Social Enterprise
Succession has long been recognised as a challenge for family businesses. Martin Stepek of the Scottish…
-
acquiring angels: how social enterprises can attract smart money
The recent report 'Social Investment and the Acquiring Business 4 Good Programme' produced by MBA students…
-
Innovative Housing Association creates new social enterprise through community project acquisition
Pentland Housing Association (PHA) acquired the project Community Energy Advice from Ormlie Community…
Categories
Tags
[Shetland] [business acquisition] [social enterprise] [community business] [social business] [AB4G] [acquiring business 4 good] [Social Firms Scotland]
Search for More SMNRs
Short URL: http://prst.co/2RJ
Bookmark and share:

Acquiring Business for Good Newsroom
Acquiring Business for Good Social Media Newsroom