Rising Sun Housing Co-operative was formed by a group of creatives living in a former pub.
The former pub is currently home to 11 residents who use the space as both a home and working environment, with the property offering facilities such as a recording studio and a multi-purpose space for fashion design, dance and music.
The residents formed the co-operative to buy the pub from the landlord who recently put it on the market. This will allow them to provide additional affordable housing and studio space for their members.
Having already improved their EPC rating from an F to a D, the co-operative is also looking to take further measures to improve the energy efficiency of the building, including loft insulation, new draught proofing, more double glazing and solar panels.
How we’re helping
We supported their incorporation as a housing co-operative and helped with financial modelling for a loan stock offer.