Exchange have raised their minimum target needed to become Bristol’s first community-owned venue in the city. Having raised money through selling their shares to the public since September, the venue have reached their first goal of £250,000, which will allow them to become a functioning business with creative input from their new share holders from January 2019.
The venue in Old Market have stated “The finance will allow us to make significant changes to the venue which we hope will make the venue more equipped to deal with future challenges, but just as important to our future success will be the enthusiasm and ideas that our new co-owners will bring.”
With venues around the country finding themselves further under threat in trying times, Exchange’s unique approach to securing their future can perhaps have a positive impact on not just the cultural security of the city but the country as a whole.
The venue intend on continuing to raise more money from share-selling, with the intention of developing a new DIY space to support many more local promotors and artists / bands across the city.
You can have an positive impact on one of Bristol’s most vibrant venues by finding out more and purchasing a share from www.ethex.org.uk/exchangebristol.
There are six days left to #SaveExchange and just £6,000 left to raise. This video is a reminder about what this campaign is all about and features Stewart Lee, Frank Turner, Dev from IDLES, Big Jeff, The Bombpops amongst others. If you are able to invest you are able to do so at www.ethex.org.uk/exchangebristolThanks to everyone who has invested so far, we really look forward to harnessing your input and enthusiasm when the venue moves into Community ownership.Raising this finance is really important in making the changes we think are necessary to allow Exchange to exist into the future, but just as important to us is the Community involvement. To that end, please be aware that everyone who wishes to invest and become a co-owner will be able to. You can read more about this in our Share Offer Document.
Posted by Exchange on Thursday, 25 October 2018