Somerset Community Foundation awards over £350,000 to boost rural economy

Since 2020, Somerset Community Foundation (SCF) has committed over £350,000 to 5 community-owned
shops, cafes, and pubs across Somerset, helping to launch and grow these vital local businesses and
community assets.

Four of the investments have been made through SCF’s Social Enterprise Fund*, which combines loans and grants for social enterprises and charities, so they can invest and grow the income they earn from selling their goods or services. The awards were made to:

  • Heart of the Village (village shop, café and pub), Stoke St Gregory: £100,000
  • Halse & District Community Benefit Society (community shop), Taunton: £50,000
  • Taunton East Development Trust (community shop), Taunton: £52,500
  • 10 Market Place (new community retail incubator), Shepton Mallet: £120,000

Additionally, through SCF’s new Somerset Social Investment Programme, Stogumber Community Shop has
been conditionally offered a £20,000 loan and a £10,000 grant to help fund a shopfit for their recently
purchased premises. This exciting opportunity comes after residents of the village raised an impressive
£188,000 through a community shares initiative, ensuring their rural village continues to have access to a
vital community shop.

Amelia Thompson, Senior Programmes Manager at Somerset Community Foundation, said: “We’re really
proud to have invested over £350,000 into community-owned shops and pubs since 2020. The resilience of
these communities to come together and create socially run businesses in often very rural locations is
brilliant. It’s great to hear how some of these organisations are now able to invest the surplus income into
other community ventures, too.
“These cherished community hubs are the heart and soul of their villages – many of which were on the
brink of closure before their communities rallied together to preserve them. Their survival and success
stand as a testament to the power of local determination and collaboration. And a few of them are now
seeing surplus at year end which is being invested back into their local community.”

Mary Nash MBE, Treasurer of Heart of the Village (Stoke St Gregory) Limited, said: “Any village the size of
Stoke St Gregory needs several things to keep it alive, including a school, a church, a village hall, a shop and
a pub. We had all of these, but in 2018 both pubs and the shop were for sale.
“Times are hard for small shops and pubs in rural areas. But rather than wait until our key village
institutions closed for good, several of the villagers launched the project to save our shop and pub, raising
over £200,000 in 6 months, before it was too late – knowing that the community would face the far more
demanding prospect of re-establishing two new businesses from scratch, should they close.

“We’re incredibly grateful for the funding from Somerset Community Foundation. Thanks to the
funding we’ve gone on to win many awards in recognition of the community project, including the
prestigious BBC Making a Difference Award.
“We’ve continued to expand our offering including a Talking Café, accessible toilet facilities, and a Post
Office service, and we continue to listen to our community on how to shape Heart of the Village going
forward.”

Amelia added: “With thanks to Somerset Council, we’re still offering social investment funding to
organisations across Somerset and would encourage any communities looking to take on management of
their pubs, shops, or community businesses to come and have a chat with us.”