A group battling to save a village pub say they need to raise £385,000 in the next four weeks to buy the building.
In December the group campaigning to save the Ten Bells in Stonham Aspal was officially registered as a community company.
Shares in the Ten Bells Community Hub Ltd have been put on sale and a prospectus launched on December 20.
The company needs to raise £385,000 by February 14 before the building’s status as an assett of community value finishes.
They aim to transform the building, which closed its doors in March last year, into a meeting place for social groups, a community shop and cafe as well as a place to grab a pint.
The company’s chairman, Tracy Hall, said although they had raised some money from shares already, there is a still a long way to go and the clock is ticking.
She said: “It can be done, it is just unfortunate it is after Christmas time and people are waiting to see how their finances will be.
“We have given a date of February 14 for the shares to be bought as the pub’s status as an assett of community value ends on march 6 meaning that anybody will be able to bid for the building.”
Tracey said the community hub would be of great benefit to the village.
“Ultimately the hub will bring community spirit,” she said.
“We are trying to get people away from thinking it will be just a pub - we want to develop the a facility for all to use in the heart of the village.
“It is about making people realise it is a community building and is there to be used for whatever we need, somewhere for people in the village to socialise and meet up.”
Shares are available for a minimum investment of £50. All share holders will hold equal voting rights.
If you would like to know more download the prospectus from www.tenbells.co.uk or call 01449 710310 for a registration form.