We are having ongoing positive meetings with Somerset Council.
Mayday Saxonvale said “We look forward to continuing an open dialogue and moving forward with the sale of the Saxonvale site for our community.
Community-led development at scale is relatively new, and therefore our aim is that through these discussions the council will fully appreciate the resilience of the model we are putting forward. Compared to a conventional developer, we are lower risk. With one project we have only one focus, one which is not leveraged and we have more diverse sources of funding available.
Our aim is to transform Saxonvale as a mixed-use urban regeneration project in a way that puts Frome first at every stage. We are in it for the long term. The future impact on Frome is central to all our thinking, and our plan will enhance the future resilience of Frome through community ownership.
By retaining and reinvesting profits for the benefit of our town, we will generate social, economic, and community wealth to ensure Saxonvale contributes to the health and vitality of Frome and Somerset.”
Somerset Council said ““Following confirmation from Acorn that they were withdrawing their proposal for the Saxonvale site, we opened discussions with the alternative developer, Mayday Saxonvale Development Ltd.
We will work over the coming months with Mayday Saxonvale and their partners to discuss the benefits and risks of their proposal in more detail, with a view to taking a decision on the site later in the year.” https://www.bbc.co.uk/news/articles/c24pm1dn42zo
