Community enterprise prepares to launch share offer in bid to buy Horringer pub
People are being invited to invest in a community-based enterprise to help secure and safeguard the long term future of The Beehive, in Horringer.
The Friends of the Beehive, a group set up to fight plans to sell the former pub for housing, has set up a not-for-profit community benefit society called Horringer Community Pub Ltd, which hopes to buy the pub.
Its vision is to create a classic community pub, family and dog friendly, with a real fire, wifi, good beer and high quality, straightforward food, and possibly a tea shop at affordable prices. It would have play equipment in the garden and would be run by a tenant or lessee.
A share offer will be launched on Monday as a way of raising the necessary funds and people are being asked to make pledges of financial support.
The target is to raise £200,000, with each share costing £50.
Every shareholder would become a member of the Horringer Community Pub and would receive an equal vote regardless of their level of investment.
Donations are also welcome.
A spokeswoman for the society said it would be making an offer to purchase the pub before February 18, when its protection from having listed the pub as an Asset of Community Value (ACV) comes to an end.
The pub’s owner, Hawthorne Leisure, has appealed against the ACV listing and a hearing to rule on it is due to take place in Bury St Edmunds on March 16.
For details on buying shares in the pub, call treasurer Duncan Wilson on 01284 735708 or email him at email@example.com