Since September 2022 we have been working with Cwmpas Wales, formerly the Wales Co-operative centre in order to create the best cooperative structure for the company. There are a number of cooperative company structures available to us, we want to choose the one that allows you to take a stake in the company through a shareholding. We also want to ensure we have the best mechanism for reinvesting in improved services and projects which benefit local communities. That’s why we’re currently in the process of incorporating it as a Community Benefit Society.
The process, which is rigorous, took longer than expected, but as of the 9th of June 2023 Talking Wales Limited is incorporated with the Financial Conduct Authority, registration number 9087. We are now in a position to start the share issue process which will raise the capital required to underwrite our staffing costs for our first year of operation. We are now targeting target the start of 2024 for our launch.
We will shortly start to produce some demo content, examples of the content we will be publishing daily post-launch. You can support us with our day-to-day running costs by making a donation by clicking the link below.
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