PEOPLE are being invited to invest in a £40,000 scheme creating a Welsh cultural centre.
The initiative is taking place at the Saith Seren pub in Chester Street as it comes up to 12 months since the Grade II listed 19th century pub, which used to be the Seven Stars, re-opened its doors as a community-owned enterprise.
Now a second share issue, launched with support from the Co-operative Enterprise Hub, is looking to raise the £40,000 needed to create a Welsh cultural centre at the building.
Chairman Marc Jones said: “This is a landmark in the town and it is great to see it back in use, illustrating what can be achieved when communities work together.
“We had a shared vision to build on the success of the National Eisteddfod which took place in Wrexham in the summer of 2011. The pub reopened as a co-operative last January.
“This second phase will enable the first floor to be refurbished.
“It is continuing the work to transform the building into a centre for the community by offering music, poetry and film alongside meeting rooms, office space and community facilities.”
Michael Fairclough, the Co-operative’s head of community and co-operative investment, said: “We are witnessing communities across the country, driven by needs other than to maximise profit, turning to co-operatively-owned solutions for the running of businesses and services.
“A well run pub is an important part of the social fabric of a community and enterprises such as this – operated by a public concerned for community cohesion, accountability, transparency, and sustainability – are showing how by working together, they can tackle some of the unprecedented challenges currently facing our society, environment and economy.”
Shares can be bought for between £100 and up to £20,000. For more information download a share issue form from http://www.saithseren.org.uk/7_shareissue2Saesneg.pdf