As part of the funding towards the cost of building the new village hall / community centre, the Parish Council is working with Congresbury Village Hall Limited to look at the option of the council applying for a Public Works Loan (PWL).
Basically, the Public Works Loan Board lends Government funds to Parish Councils at low interest rates, with the council making the repayments. This would require an increase in each household’s council tax. As an example for a £500,000 loan, over 20 years, the approximate monthly increase at current interest rates would be between £1.25 – £3.66 per household, depending on your council tax band.
The purpose of the simple survey is to assess the level of the support for a loan. Before taking the survey we recommend you read this document which sets out why we believe villagers should support a loan. A loan will make such a difference to bringing the new building to life to serve the community for a generation.
Please complete the VILLAGE HALL LOAN SURVEY by 30th April 2019. It’ll take less than a minute. Thank you.