Why a Scottish Charity aims to own this building:
We set up the not-for-profit arm Deanwood Ltd in 2004 to attract the financing that would allow us to stay in the building when the previous owners were selling it. At the time, it was easier to find the funding to mortgage the building than it was to find new volunteers and build new recording studios. With the help of Social Investment Scotland and the Bank of Scotland, we secured over £400,000 in mortgage funding.
When we took over the building, it was less than half full; over twenty years, we are 100% full and have doubled the rate per sq. ft. Clearly showing that by working with our tenants, by reinforcing their support to blind Scots along with the local community, we have been able to develop the business.
By discounting rents at the start of leases, we also encourage tenants to improve their space to meet their needs. Our handyman, groundsman and central heating engineers are all locals. Where we can, we keep trading within our building and, where possible, within the town.
Our parent charity aims to raise the remaining £60,000 and buy the building outright from Deanwood Ltd. Once this is achieved, the generated rentals will help us provide jobs to local people needing supported employment. It will also ensure we can maintain our daily talking newspaper service to blind Scots. Find out more at www.cueandreview.com