Jan 2016 – Update on the Save the Beehive campaign

The Friends of the Beehive have been working hard towards our goal of buying the pub.

We are grateful for support from the Parish Council who have given us some funding for our initial costs. The Community Council also support the project.

We are now receiving expert advice from the Plunkett Foundation a charity who supports communities to set up and run community cooperatives – they have provided us with an advisor.

We are in the process of forming a Community Benefit Society and expect this to be set up in the next week or so. We are opening a bank account and setting up a website, a Facebook page and making a You Tube video.

A group of us viewed the pub in December and it was in better condition than we expected so this is good news. We are hoping to view again this week to carry out a survey.

The Business Plan is almost complete and we are aiming to launch the share offer at the beginning of February.

The steering group has been strengthened through the addition of a number of Horringer people who are Directors of successful companies. Also we are being supported by a group of local people who are developing the communications side of the project. It’s great to have so much interest and help.

The owners of the Beehive, Hawthorne Leisure have appealed against the listing of the pub as an Asset of Community Value. We have challenged their appeal and there will be a hearing on March 16 to decide on this matter.

After our initial consultation we have received pledges of £90k. About half the people who expressed an interest in buying shares have not yet made pledges as they are waiting to receive more information. This will be provided in the business plan which will be distributed shortly. We are keen to maximise share capital so any mortgage is as small as possible. We have reduced the minimum share to £50 to encourage everyone in the village to invest.

We hope to make an offer for the pub by mid February.

Peter Crofts – Chair of the Friends of the Beehive.

petercrofts@btinternet.com;    01284 735044

 

 

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