Press Release 1/12/12

FORMER ODEON CINEMA TAKES FIRST STEP TOWARDS COMMUNITY OWNERSHIP

The group bidding to save the former Odeon Cinema in Bradford city centre today revealed a major boost to its plans to bring the iconic building into community-ownership.

Bradford One is set to receive the backing of The Co-operative Enterprise Hub, a service provided by The Co-operative Group – the UK’s largest member-owned organisation – to support the creation and growth of community-owned enterprises.

Co-operative development specialists will assist with areas including; rules and regulations, membership and fundraising and, a spokesperson for Bradford One, said: “This is a very significant announcement for us. Our vision for Bradford One is based on the ideas of many of those who have campaigned over the years to save the building from demolition and, that is why choosing a co-operative structure is important to us – it ensures everyone who has shown support can have a say in the future of the building by becoming a member.

“The backing of The Co-operative Enterprise Hub will enable us to develop our business model in a way that allows full participation from the community and also allows us to take advantage of advice and direct support from some of the top professionals in the field.”

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.

“With the general public increasingly concerned for accountability, transparency, and sustainability, enterprises such as this are showing how by working together, communities can tackle some of the unprecedented challenges currently facing our society, environment and economy.”

The Co-operative Group has pledged a further £4m over the next three years (2013-15) to developing The Co-operative Enterprise Hub and, community groups interested in co-operative solutions to the running of businesses and services should visit www.co-operative.coop/enterprisehub

For the latest information on the progress of Bradford One visit http://www.bradfordone.com

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BradfordOne December 1, 2012 Latest News