We aim to meet our target of £370,000 through a mix of purchased shares, donations, grants and loans.
At our public meeting on 26 October we issued ‘Pledge’ forms and asked for attendees to ‘pledge’ the amount they would want to donate or to buy shares. The response has been overwhelming and in the first week we received over £90,000 in pledges! since then the total has risen to £120,000
We have have applied for £100,000 through Plunkett Foundation and are contacting other organisations and individuals that we hope will be able to support our efforts.
More than a Pub -
The Plunkett Foundation's Community Pub Business Support programme is a unique two year programme established to help support community ownership of pubs in England. Its value is £3.62 million and is jointly funded by the Department for Communities and Local Government and independent trust Power to Change. It is being delivered by the Plunkett Foundation in collaboration with Co-operative & Community Finance, Key Fund, The Campaign for Real Ale (CAMRA), Co-operative Mutual Solutions, Pub Is The Hub and Locality. It offers the community pub sector access to an end-to-end support programme including capacity building and a finance package made up of loans and grants.
Through this programme we have received: -
Support to help with Business Planning, Community Shares, Legal Structures, Social Impact, Finance.
Expert advice on the feasibility and sustainability of running The White Lion as a Community Pub.
A Bursary of £2500 to spend on early stage costs such as valuation, consultations, surveys and setting up a legal structure
A Loan and Grant of £100,000