Exchange could become Bristol’s first community owned music venue.
Bristol’s Exchange has launched an appeal to raise £250,000 in a bid to save the venue from closure. To achieve the target, the venue is selling shares to the general public which could turn it into the first community owned venue in Bristol.
Live music is in trouble and we think Community ownership is the answer. We plan to raise £250,000 by selling shares and becoming Bristol’s first Community owned Music Venue. Join us – Buy a share, become a co-owner of Exchange Bristol. #saveexchange https://t.co/wJjLX6Vrar
— Exchange Bristol (@exchangebristol) August 13, 2018
According to a statement on Exchange’s website, everyone who pledges money will become a ‘co-owner’, “with the power to shape its future”.
The statement continues: “We’ll be able to invest in upgrading the venue and keep its grassroots character as a place where bands, gig-goers and promoters have the freedom to try new things and be creative”
Exchange isn’t the first Bristol venue to face an uncertain future. Last November, Thekla announced that they’re under threat “from proposed residential developments across the harbour in Redcliffe”.
The shares go on sale on 4 September and will run until 31 October at least. You can find more information on donating via the official website.