Our geothermal project heats up!
Our exciting plans for the UK’s first geothermally heated pool are going ahead but our mission to raise funds isn’t over yet.
Jubilee Pool and the community are thrilled with the success of our ongoing fundraising Crowdfunder campaign to date. The ground-breaking and innovative project to geothermally heat the pool to 35 degrees is now set to go ahead with the whole community getting behind the plans.
Thanks to generous support, we've now reached our minimum community investment target of £350k, which allows us to proceed with the project. But, because of the huge and continuing support, we’ve now decided to go for our optimum target of £500k and to try and raise an additional £150k from investment in the share offer before the deadline of 30th September 2018.
Abbie Cranage, Chief Operations officer says: “If we reach £500k we can do even more to ensure this exciting facility is the very best possible experience for one and all, with improved café, community and pool facilities and a visitor experience to match the spectacular Jubilee Pool. We've been overwhelmed by the support from Cornwall, other parts of the UK and investors overseas who visit Cornwall and love Jubilee Pool.”
For fans of the pool and lido-lovers worldwide this could see even more enhanced facilities such as warm and comfortable indoor showers, further refurbished modern toilet facilities, changing rooms and lockers. We also hope that additional funds will enable us to revamp disabled access and facilities.
Jubilee Pool Director Susan Stuart says “The additional fundraising really is a game changer for the pool and Penzace. This project means people will visit all year around from far and wide and will boost the local economy and help regenerate the town. It also means for us we can borrow less and pay less interest so we can spend our money as efficiently as possible and improve our facilities and service from not just ‘great’ but to ‘excellent’.”
Dave Boyle from the Community Shares Company who’s been advising Jubilee Pool states “We've really seen the local community and businesses get behind this campaign. It’s not uncommon to see projects with such potential as this one not only reach their minimum target but reach their optimum targets too. Once people see the project is actually happening and how many others support it, they can see they are investing in a good thing and making a difference!”
“If we reach £500k we can do even more to ensure this exciting facility is the very best possible experience for one and all”
Our Crowdfunder campaign runs just until 30th September 2018 so there is not much time left. We're encouraging people to visit the Crowdfunder site and join the great group of investors who have all made our geothermal project happen. We are also accepting separate donations on this website- see link below, by post or by phone.
Jubilee Pool will connect to a geothermal well situated next to our site at Battery Rocks– this element is part of an EU Project run by Geothermal Engineering Limited. The geothermal energy is planned to heat the pool and other buildings as part of a sustainable approach to creating a new must-see hot water bathing experience to regenerate the local economy.
The geothermal drilling kit will return to the site on 17th September 2018 and will temporarily close a section of Battery Road to enable drilling to take place. Cornwall Council will divert traffic (a short distance around Coinagehall Street and Green Street) for safety and will be temporarily closing the adjacent St Antony’s car park to enable works.
The drilling commenced earlier in 2018, however was paused to enable better traffic flow during the busy summer holiday period. Abbie Cranage says: “With any project like this, there is a degree of flexibility and much speculation about why drilling stops and starts. Prior to summer, our partners needed to bring new and larger equipment to the site, suitable for a water pocket and it was decided that with the summer road traffic and need to keep this main artery road clear into Penzance, Newlyn and beyond, this would be better done in September.”
"We hope that people will see that this project will be hugely beneficial to the area and will forgive the temporary minor disruptions in traffic flow and parking in order to bathe all year round and reap the benefits of added visitors to Penzance.” The road closure is expected to last until Christmas 2018 and the car park will reopen when building works are completed over winter, ready for the newly-renovated and geothermal pool to reopen in Spring 2019.
More information on how to invest please visit: http://www.crowdfunder.co.uk/jubileepool