Shire loan lifts cot­tages’ hopes

South Western Times - - News -

Bruns­wick River Cot­tages will be on solid foun­da­tions thanks to a $750,000 loan from Har­vey Shire Coun­cil after fund­ing was with­drawn from the busi­ness last year.

Cot­tages com­mit­tee chair­man Ken Hart said the loan was to help build three lease-for-life units and would need to be paid off within 20 years but he hoped to have it sorted sooner.

“The idea is to be­come self-fund­ing, it’s just about get­ting over that fi­nan­cial hump,” Mr Hart said.

Mr Hart said the group lost $1 mil­lion in fund­ing with the change in State Gov­ern­ment last year be­fore the com­mit­tee ap­proached the coun­cil to fill the gap.

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