Research so far to seek funding for the project
Each member of the Funding Group researched the pros and cons of various methods of funding for all stages of the Project – eg Crowdfunding, Commercial and other Loans, Community Shares, Community Bonds and we have had discussions with several organisations specialising in funding for Community Development. It seems that Lochwinnoch’s ‘Water Project’ is the first of its kind in Scotland! So we delved deeply, to select a suitable method for the ‘best fit’ for Stage 1 of our project – purchasing the land from RC and sinking a ‘test borehole’. Stage 2 will be the development of the site for the operational borehole and for other community benefits.