'I want to give my island business away for free'
Summary
Richard Irvine, a 65-year-old entrepreneur, is planning to give away his smokehouse business on the Scottish island of Colonsay for free. His goal is to attract a younger, long-term family to the island to help combat the problems of an ageing population and depopulation.Key Facts
- Richard Irvine owns Colonsay Smokery, a smokehouse business in the Inner Hebrides.
- He spent a few years establishing the business and now plans to give it away for free.
- His goal is to attract a family that will stay on Colonsay permanently.
- Irvine aims to help tackle the problem of an aging population and depopulation on the island.
- The Island of Colonsay, off the west coast of Scotland, has around 120 residents.
- The venture provides smoked salmon to local restaurants and stores both on and off the island.
- Irvine will train the new owners for three months and might keep a "golden share," or decision-making power.
- Despite offering the business for free, Irvine explains that he doesn’t want the new owners to sell the business in the future.
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