Following its £3m renovation and successful reopening in 2016, Jubilee Pool is more popular than ever with local people and summer visitors and there’s no doubt that it’s now the country’s best art deco lido.
Our short summer opening season and the risk of winter storm damage has always meant the pool operates on a financial knife-edge, but we’ve now developed some very exciting plans for the future which will mean year round opening and a more secure future!
Work has already started on drilling a geothermal well which will provide enough renewable energy to heat a section of the water to 35 degrees. This will mean, for the first time, that the pool will have heated water, transforming it into an all-year attraction which we believe will bring enormous benefits both to the pool and to the economy of Penzance and the local area.
The well is being drilled thanks to grants from the European Union, but a condition of that funding was that we need to fund the costs of connecting the well up to the pool, and build the section that will contain the heated water. We will also be building a new café facility and community space.
We will raise some of this from loans and grant funding, but we also need to raise an anticipated £350,000 directly, so we’re planning to do this by launching a community share offer.
OWN A PART IN THE POOL!
Through the community share offer everyone can own a stake in the pool. People will be able to buy as many or as few shares as they wish and they’ll be affordably priced. There will be a number of attractive benefits offered to all shareholders, as well as substantial tax breaks for larger investments.
You’ll get to be an owner of a facility which will set the standard for what a lido can be in the 21st Century, helping make Jubilee Pool truly sustainable for the first time since it was built in 1935.
You’ll also be helping provide quality employment to local people, helping bring economic benefits to Penzance and the local area all year round too.
When can I buy a share?
The share offer will be launched on 26th May 2018 and will close at the end of the summer season in early September.
To register your interest and recieve detailed information in May please sign up to our newsletter below.