Share offer hopes to secure Portpatrick harbour

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A new community ownership scheme is being launched in Portpatrick to raise funds to modernise the local harbour

Residents of Portpatrick in Galloway are being asked to buy a stake in their local harbour.

A so-called "community benefit share offer" is being prepared to raise £75,000 to secure the harbour's future.

Attempts have been made before to bring the harbour into community ownership - latterly through a failed local trust.

Now, in what is seen as a last chance opportunity, the Portpatrick Harbour Community Benefit Society has been formed to buy the site.

It hopes to make the purchase from the current absentee owner - an investment company based in the Channel Islands.

The society said the harbour had been allowed to decay and was in urgent need of maintenance and development.

It is confident local residents and businesses - and others with links to Portpatrick - will ensure that the share offer is fully subscribed.

A business plan projects enough profit in four years to repay investors should they want it.

The community share offer will open early in September with the minimum investment £25 - the maximum £20,000.