Turning Earth has always been powered through the power of crowdfunding. All our studios have been funded through a combination of community members purchasing memberships and classes in advance, and by individuals within our community extending peer-to-peer loans that we pay back over time.
This time we are funding 36 potter's wheels at a cost of £65,000, and a further three kilns at £20,000 through community peer-to-peer loans. We are also raising £20,000 to help cover our stamp duty tax and other conveyancing expenses.
If you are able to extend us a loan, we will repay you over 3 or 5 years (or longer), depending on your preference, at a rate of 8 percent per year.
We are asking potential Founders t0 pledge loans now, which will give us time to arrange the contract paperwork and set up the transfers before 12th September. Repayments will begin on 12th January 2023.
Illustrations for repayment schedules for £1,000, £5,000 and £10,000 loans are provided through the links below, alongside a copy of the loan contract. Please note, we are asking for loans of at least £1,000, to minimise administration time.
By providing start up finance you will join our Founders Circle. All of the members of the circle will gift their name (or a name in honour of a loved one) to one of our wheels and kilns.
Those that loan £5,000 and more, the "Founding Fire Stokers" will be invited to participate in a magical raku party in the studio, where they will be able to decorate a piece and watch it being fired.
Those that loan us £10,000 and more, our "Kiln Gods", will also be gifted one of the figurines ceremonially pit fired in an ancient rite during our opening evening.
By loaning us funds directly rather than going through a bank, you can rest assured that you are earning your interest by financing a life-enhancing project.
UPDATE:We are now fully funded in peer to peer loans!