Important Announcement

Based on the positive feedback we had from our customer survey at the Daffodil Cake Shop, we sought professional advice on the financial and operational feasibility of it continuing in the form of a community owned business, and we also investigated the possibilities of funding this through public grants and a public share offer.
The analysis of the figures we received and the options open to us indicated that at present there is not a sufficiently complementary match between what would be needed to purchase and operate the Daffodil and what a publicly funded community owned enterprise could offer to do this, and hence it would not be appropriate for the project to continue.
Terry and Chris are aware of this and they have decided to re-advertise the business through Steve Gooch Estate Agents, and we wish them every success and hope that Newent will be able to retain it’s valued bakery and shop in some form.
The interest we have received in the project has been very encouraging, and we thank everyone who has responded and given support.

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