Former Wooler Barclays bought for community led housing

The Glendale Gateway Trust has successfully purchased the former Barclays Bank building on Wooler High Street with the co-operation of Barclays themselves. Both parties were committed to retaining the building for the community, and to avoid land banking by an investor.

The building is a fine grade II listed building dating back to 1863 and one of the most impressive on Wooler High Street.

The Trust plans to convert the two upper floors to affordable housing. The ground floor is to be decided but will be in the interests of residents and local businesses and ultimately add value to the High Street offer.

Purchase and development costs are around £320,000 and the Trust has already successfully raised £150,000 towards this sum.

Andy Dean from Communites CAN praised the scheme:

“This is a great example of Community-led Housing in action. This latest project from Glendale Gateway Trust will renovate a town centre asset, provide affordable accommodation for local people and put a key building in local ownership and management. At Communities CAN, we are here to help anyone else who would like to get involved in local projects to deliver locally managed affordable homes. If you are interested just get in touch.”

Invite to invest in Community Bond Scheme

Following the success of their Community Bond Scheme, they are seeking similar support to ensure this building is brought back into use and contributes to the health and vibrancy of Wooler Town Centre. The previous scheme was launched in 2014 which raised £128,000 towards the creation of nine new affordable homes,

Residents, members and supporters are invited to invest in Glendale Community Bonds, each worth £1,000 with the promise to pay back bondholders at any time after three years from the date of issue.

For more information contact Tom Johnston at Glendale Gateway Trust on mti@wooler.org.uk

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photograph by Lilac, Modcell

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