Campaign update: Over £360k pledged and proposal is being seriously considered

Thank You. Just a huge thank you to each and everyone of our fantastic supporters.

We made it to £360k by 17th November and secured support from over 1,100 investors in just 18 days. We received some large pledges of £1,000 or more, a lot of pledges around the £250 mark and a large number of smaller pledges under £100. Most of the money has come from UK supporters especially locally from around South Manchester, but we also received support from Australia, Canada, Denmark, Germany, Isle of Man, Japan, Mexico, Netherlands, New Zealand, Norway, Singapore, Thailand, Ukraine, United Arab Emirates and the United States.

We took our proposal to the team at Co-operative HQ in Manchester on Monday morning. They received our proposal with a great deal of interest and were amazed by the success of the campaign and the level of public interest. We have really given them something to think about and the decision is now going up to the board for consideration. This is entirely down to the commitment shown by all of you.

We would also like to take this opportunity to express our gratitude to the Co-operative Group for giving us the opportunity to propose an alternative bid. It is a reflection of their values and roots in Manchester and we hope to be able to work closely with them in the months ahead.

We continue to work hard on our plans and are now developing further details on the proposed structure of our arrangements with our development partner. In the next phase of the project we will be developing an investment prospectus for you all which sets out the plan for the Gaumont building and the type of arrangements we have agreed. Our goal is to ensure we deliver on our shared vision for a vibrant building in the heart of Chorlton which preserves our musical heritage connections with the Bee Gees family and fans around the world.

We are planning to hold a public meeting where we hope to answer questions and rally support for the next steps in the process.Keep an eye out for further updates. And once again, thank you very much for the support you have shown us so far.