Shares in a community shop are available from today.
People in Grampound are hoping to launch the store and coffee shop after the former shopkeeper and postmistress retired.
A group of residents wants to run the shop from two portable buildings with the possibility of future expansion to a permanent cabin.
Peter Wootton, joint chairman of the steering group set up to push the scheme forward, said: “Whilst there is a need to keep costs low, money will have to be raised for the project and that is why it is hoped that everyone will be willing to invest in this project by buying shares and being part owners of this important local amenity.”
Mr Wootton said there was currently no set target amount to be raised but if every household in the village bought four shares at £10 each that would raise £12,000.
The new shop would be on land attached to Grampound Village Hall and would replace the Hollies Store and Post Office which closed in June 2013.
Mr Wootton said: “Running out of simple items creates a car journey or a trip on the bus where previously they just walked up the hill knowing that they would get what they wanted and probably have a friendly chat on the way.”
The steering group is working with the parish council on the scheme and with the Plunkett Foundation, which promotes and supports co-operatives and social enterprises in rural communities nationally.
Shares will be available until the end of February 2014 and the share option scheme will be officially launched on Friday in the Heritage Centre at a drop-in session from 6pm to 8pm.
For more information call Mr Wootton on 01726 882734 or go online to www.grampoundvillagestore.co.uk