The Publican’s Morning Advertiser has recently reported on two pubs which are being bought for their local communities and which are having great success in raising funds to buy them. Both pubs are issuing shares of between £100 & £200 and £20,000 in an attempt to raise the money.
Campaigners in Yorkshire are looking to raise £130,000 to save the Fox & Goose pub. So far almost 200 people have bought shares in the pub and this has so far raised £100,000. The article reporting this encouraging story is at - http://www.morningadvertiser.co.uk/Property-News/Locals-raise-100k-plus-to-save-Anglers-Rest-in-Bamford-Derbyshire.
Meanwhile campaigners seeking to save the anglers Rest pub in Derbyshire have also raised over £100,000 of their ambitious target of £320,000. Like those fighting to save the Fox & Goose the money is being raised by issuing community shares in the pub. The article for this story is at -
These two stories show that local communities do have an appetite to buy community shares in their pub if there is the right business plan in place. This is something that Save the Red Lion Campaign will need to carefully consider as a funding option.