Tag Archives: investment

New Community Asset For Tiree

business_center_sponsorsThe Directors of Tiree Community Business Ltd, (TCB), owners of An Tirisdeach, have finalised the purchase of The Island Centre, Crossapol, (locally called the Business Centre), from Highlands and Islands Enterprise, (HIE).

The effective date of takeover was the 1st April at which time Tiree Community Business assumed ownership and management of the entire building. The Island Centre has previously been managed by Inverness property specialists, Graham & Sibbald, on behalf of HIE. The change of ownership means that all rents previously paid to Graham & Sibbald by Island Centre tenants will now be retained by TCB for use on the island.

Chairman of TCB, Ian Gillies was `delighted’ with the outcome and told An Tirisdeach, “I really am very fortunate to work with a small team of staff and volunteer Directors in TCB who have excellent previous experience in community acquisition of public buildings. The professional support of our legal advisors, Peterkins Robertson Paul, and the advice and financial assistance given to us by Highlands and Islands Enterprise has also been invaluable, and without which we would have been unable to complete the purchase. I am also extremely grateful to the Directors and staff of The Tiree Trust for their willing and generous financial support of £20,000 to assist the purchase this building for the community. My thanks also to Stewart Meikle, our business advisor, for his unswerving faith and faultless business advice”.

Tiree Trust Chair, Tish MacKinnon said, “this is a perfect example of using Windfall Fund cash to lever in a far larger sum. What this now means is that instead of money flowing out of the island in the form of rents, that cash now stays on Tiree for re-investment. We are really very pleased to have had a part in the acquisition of this important community asset and we wish Tiree Community Business well for the future”.

Claire Munro, HIE’s Community Assets Team Manager said: “We are delighted to have supported Tiree Community Business to take ownership of the Business Centre. Community owned assets have the potential to deliver enormous social and economic benefits for local people. HIE is proud to help groups like Tiree Community Business develop their own plans for sustainable, viable futures.”