Sudbury businessman Theo Bird, who chairs the group, said the aim was to create something for the benefit of the people of Sudbury which would also attract visitors to the town.
“Our funding model is for the social enterprise to act as the benevolent freeholder with ongoing oversight on the scheme but to sell businesses in order to fund/cashflow the scheme — this achieves the goal and maximises the opportunity in a small market town,” he explained.
“Our key goal is to use this opportunity to enhance the town centre offering, and increase the quality of life for residents in the Sudbury and surrounding feeder villages in a sustainable, economically sound manner.”