
In early 2009, Sustaining Dunbar, a community development organisation, funded a marketing survey to investigate the demand for fresh bread in the town. It showed there was still strong demand for a bakery selling high quality bread and cakes made on the premises. Sustaining Dunbar then drew up a three-year business plan for reopening the former Smith’s Bakery as a sustainable community-run enterprise.
In June 2009, Dunbar Community Bakery Limited was officially registered as a community co-operative. In early July we launched a campaign to persuade residents in Dunbar and the surrounding area to become shareholders. By the end of August 160 people had bought shares, contributing £17,600 in equity investment. The bakery project also received pledges of £26,000 in interest free loans and grants. That brought our total funding to nearly £44,000.
A Management Committee was appointed in late August to set up and run the bakery. It includes local entrepreneurs and experts in finance, small business, communications, marketing and community development.
We aim to complete fund raising by the end of November and reopen the bakery during 2010.
We want to open a community owned bakery in the High Street of Dunbar to produce wholesome and tasty bread baked on the premises. This new venture will fill the gap left on the High Street left by the closure of Smith’s Bakery.
We aim to raise £35,000 from shareholders to help meet start-up costs. The rest of the money will come from grants and loans. Some have already been secured. More are in the pipeline.