Community Pub Questionnaire:
Financing a Community Bid
Whilst we are in the very early stages of this project, we’re hoping to secure expert advice and financial support from the Plunkett Foundation (www.plunkett.co.uk). The current aim is for enough funds to be raised for the community to buy the pub through grant funding, loans, donations and the community having the opportunity to buy shares.
Community shares will be backed by the value of the asset (the pub) and as finances permit may pay interest and be redeemable after a settling in period.
However, the group need an indication of potential shareholder investment to develop a detailed and costed community shares proposal and to understand whether there’s enough interest within the community to make this a financially viable project. If there’s little or no interest, sadly it’s likely that we won’t be able to continue with the project.