We have already set up a community trust - the Dover People's Port Trust Limited ("People's Port Trust"). The People's
Port Trust has been established and registered with the FSA as a charitable industrial and provident society - similar to the co-op. The key features of our proposal are as follows.
Mass membership The Peoples Port Trust will be a mass membership community trust with anyone living in the Dover District able to become a member for £10.
How much? The Peoples Port seeks to purchase the Port of Dover under the Ports Act 1991 process and is looking to raise funds from City of London institutions and people who wish our plan well and want to invest in our project.
How will we run the port? We see all stakeholders working in a new partnership. The People's Port would be run to ensure there is an incentive to seek value, efficiency and infrastructure improvements over the long term.
How will we pay for it? The money would initially be raised institutions and members of the public. Finance would be subject to the usual due diligence requirements for a transaction of this nature.
What next? We have made a proposal to the Government to take this project to the next stage. The Offer Letter can be seen Here
To take things to the next stage, we need your help. We are raising a fighting fund. Please contribute or donate.