Bristol

Bristol ferry company raises £61,900 in one week

A ferry company has raised a quarter of the money it needs to transfer the service to community ownership after one week.

Bristol Ferry Boat Company went into administration last year but its five passenger boats were bought by a consortium of investors.

The consortium launched a share offer in a bid to raise £250,000 and has so far raised £61,900.

The shares, starting at £100, are available until the end of July.

Ruth Maclellan, from the company, said: "It's really exciting. We're really happy with how well it's going.

"We've had another 10 through the post today. It's mostly small investors from all around Bristol."

She said they were hopeful of meeting their target: "We've got a good few weeks left and every day more people are coming in to pick up application forms."

Mark Tucker, a founding member of the company, has said previously that without the funds the service would "simply cease".

The shares were floated by the newly created Community Benefit Society on 22 May.

Two other ferry services currently operate in the city.

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