Community bid for £2.5M Peebles estate is rejected

pictured left to right - Joe Wilton, Robin Tatler,  Crick Carleton and John Swanston
pictured left to right - Joe Wilton, Robin Tatler, Crick Carleton and John Swanston

Within days of publicly announcing its plans to bid for a £2.5million local estate, a Peebles community group has learned its proposal has already been knocked back.

Peebles Community Trust has been taking part in a ground-breaking initiative, which aims to give Scottish communities the means to revitalise their town centres.

The Scotland Can Do Towns Innovation Challenge equips local residents with support, advice and skills to bring creative ideas to transform their towns to reality – helping boost local economies and revive community spirit by creating new businesses and jobs.

The Peebles trust, one of the first 15 towns to get involved, wanted to buy the private 19-acre Kingsmeadows Estate, south of the town centre, and open it for community use.

However, trust members have now learned their bid has not been accepted by estate owners, investment firm Standard Life. 
Trust founder Iain Scott gave his reaction: “This is a very disappointing outcome for Peebles, more because it shows lack of vision on Standard Life’s part.

“Here was a superb opportunity to work with a community to create new opportunities for new entrepreneurs and strengthen the local community.”