The Portpatrick Harbour Community Benefit Society is launching a share offer to bring Portpatrick Harbour into community ownership.
The scheme aims to raise £75,000 to regenerate Portpatrick Harbour, with the community involved in the process.
Over the past few months, Community Shares Scotland (CSS)has been working with the Portpatrick Harbour team on an offer which will allow local people to buy community shares. Anyone buying shares will become a member of the society and will have a single vote regardless of the number of shares purchased.
The Portpatrick Harbour Community Benefit Society is the first to register with the Financial Conduct Authority (FCA) and obtain full charitable status.
The management team behind the society includes eight committee members, three of whom have varied professional management experience, along with four who hold professional marine qualifications.
Society chair Calum Currie said: “We are reaching a real landmark stage and the excitement is really building locally.
“We have worked hard to explore different ways of approaching the community harbour project and it will mean a lot to gain recognition as the first Scottish community benefit society with charitable status seeking to raise a community share offer.
“In the meantime, we are working in close collaboration with Community Shares Scotland in developing our community share offer.”
Portpatrick, on the Rhins of Galloway peninsula in Dumfries and Galloway, is popular with visitors for its unspoilt character. Along with the pier, the harbour plays a key role in the village life, welcoming ships and boats from Ireland, the Isle of Man and the Clyde and Highland sailing grounds.
“The main aim of the project is to secure the integrity and appearance of the historic harbour of Portpatrick for the benefit of the community and all who love and visit it,” added Mr Currie.
“The harbour lies at the heart of the village and is as important to Portpatrick as the village green is to other communities. It is a very exciting time for the town and will really put Portpatrick on the tourism map, especially with keen sailors and yachting enthusiasts from around the west of Scotland and close Irish coastlines.”
CSS programme manager Kelly McIntyre said: “The Portpatrick Harbour team has worked tirelessly to get the project under way and we are now on the brink of launching the community benefit society in combination with Community Shares Scotland.
“This will be a real first for Scotland for this type of project. We are also in the process of creating a community share offer which will provide all who love the village of Portpatrick with the opportunity to purchase community shares in the harbour thus supporting and securing the future of this unspoiled idyllic asset for many years to come.”