As you may know our great building saga now looks like it is finally coming to an end.

We did not want to redevelop, we tried very hard to save the old building, but that option was finally closed to us when our engineers found severe structural faults that could not be rectified.

In order for us to keep trading we moved into our temporary accommodation in October 2001, for what we thought was a 12 month stay. Obviously we got that one wrong! We now plan to be in our new building by mid-June. Our aim has been to provide as good a service as we can throughout this difficult period and we hope we have been succeeding.

Once back in our new building we will offer increased ranges and service in both shop and café, with the exciting prospect of a much needed state-of-the-art vegetarian and vegan restaurant operating in the evenings.

The cost of the project, including the rents for the temporary accommodation and the building and shopfitting work in the new, is the biggest investment the co-op has ever made. We are negotiating with commercial lenders to borrow money and would like to offer you the opportunity to make an ethical investment in Eighth Day.

Once before, in 1980 when we bought the old building and extended the café, you, our customers, helped us by lending us much needed funds to help with the costs of the necessary building work. We need your help again. Eighth Day intend to issue a loanstock, a fixed term, fixed interest bond. This will be for five years, from April 2003, with a minimum investment of £250. Repayment will be made in April 2008.

We have been an ethical, social and democratic business for over 30 years, with your help we can survive this period of upheaval and build on our past success for the future.

If you are interested in making an investment please read the Conditions Of Issue Of Loanstock and the Summary of Business Plan. You can also print out an application form.

If you would like more information or can help in any other way, please ask.

Thank you

On the Eighth Day Co-operative Limited