Mull of Galloway buyout funding secured

The Mull of Galloway Trust has secured the full purchase price of £300,000 required for the community purchase of the 30 acre site.

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Lighthouse could be purchased by July

The Communuty Ballot held last week in Kirkrmaiden proved overwhelmingly in favour of the Mull of Galloway Trust continuing with their bid to purchase the Mull of Galloway Lighthouse.

The ballot was held over three days and was counted last Saturday (9th March) in the Church Hall, Drummore.

Dr Aileen McLoud, MSP acted as the independent Ballot Assessor.

The property has been valued at £300k and we shall be applying for the maximum amount of 95% of that amount, leaving us to find the remaining £15k. The trust has already secured additional funds of £11k and we are in the process of applying to additional funders to find the remaining £4k.

– Donald McColm, Chairman of the Mull of Galloway Trust

Providing the Trust are successful in their funding application, they are aiming for the 4th July for the actual purchase to take place.

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