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Friday, September 30, 2016

UK Ferry Service Saved by the Community

July 31, 2013

Ferry Brigantia: Photo courtesy of Bristol Ferry Co.

Ferry Brigantia: Photo courtesy of Bristol Ferry Co.

The Bristol Ferry Boat Company went into administration last November, and needed to raise £250,000 from investors by 31 July, but it surpassed that target, topping £300,000.

According to  BBC News, citing ferry boss Ian Bunguard, more than 600 people had bought the shares - starting at £100 - with many being bought by people living in the city, and the ferry was now in a very strong position.

Bristol Ferry Boat Company went into administration last year but its five blue and yellow passenger boats were bought by a consortium of investors. Shares, starting at £100, were floated by the newly created Community Benefit Society.
 
Source: BBC News



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