The launch date for The George share issue has been delayed until after Easter. We’re really sorry about this but it is due to circumstances out of our control. Sorry to keep you on tenterhooks but we’ll be back soon with the revised launch date.
The vital last funding to enable us to launch our share issue and prepare our application for the major grant from the Heritage Lottery Fund has be awarded to the Society by the AHF on the basis of an application prepared by the Committee. The Project Development Grant of, up to, £7130 match funds equally-appreciated contributions from Suffolk County and Suffolk Coastal District Councils and The Wickham Market Partnership, the Society’s own funds and the proceeds from forthcoming events .
AHF had previously, generously supported our feasibility study which apart from the Feasibility Study itself produced a Project Viability Report in the form required by the Fund. This document and the Feasibility Study were described by our AHF Support Officer, Tessa Hilder as, “very clear and thorough” and added that they fully met the Fund’s expectations.
Regarding the present grant award, Tessa, commented,
“The George Community Pub Ltd have laid strong foundations for their plans to restore the historic George as a thriving community business. We’re very pleased to support them in this next key stage of their fundraising.”
The Society is grateful for the continued support of AHF, other funders and the community as we move forward to restoring the historic building as a new George for all.
More than 130 local residents attended a presentation held by the George Community Pub team on the afternoon of Saturday 10th February. The purpose of the presentation was to bring everyone up-to-date with the work that had been carried out in determining the future of the George as a community Pub.
Chairman Colin Owens led the presentation and introduced two ‘special guests’ who happen to be supporters of community pubs. They were Suffolk County Councillor Alexander Nicoll and Terry Baxter of BBC Radio Suffolk fame.
The presentation was given by members of the committee, each an expert in their own field of Finance, Heritage, Business Planning and Project Management. The team presented a summary of the committee’s work which included an agreement with the current owner to purchase the George Pub for a sum of £40,000.
The committee announced that the Community Share issue will be launched on 16th March 2018 and that if anyone would like to receive a paper copy they could request one by emailing email@example.com giving a postal address.
The share target would be £300,000 and the remaining £1.3m will be raised through grants from the Heritage Lottery Fund and other grant bodies. The conclusion was very clear that the George could be bought, restored and made into a viable business once again and the whole process will take around 2-3 years before the doors open once again.
Following the presentation Councillor Alexander Nichol was invited to address the audience. He thanked the committee for their hard work in producing such a comprehensive report. He also said that Community Pubs had a special feel and atmosphere and he regularly visited the Sorrel Horse at Shottisham. It was easy for him to recommend Community Pubs and wished The George every success – he would definitely be a future shareholder!
Terry Baxter led the Question and answer session but ultimately he asked a question of the audience. Would they like to see a pub in the village again? Overwhelmingly the answer was yes.
Details from the feasibility study would now be incorporated into a comprehensive Business Plan to be presented alongside the Share Prospectus. Both documents will be made available on our web site in the next few weeks.
Copies of the slides used in the presentation at the meeting are available here – Presentation slides
An article about the meeting also appeared in the EADT. Click on the link to see the article – EADT Article
The George Quiz Night
Gather your team, and join us on
Friday 23rd March in Wickham Market Village Hall.
6.30pm for 7pm
Tickets £10 per person, including a Fish and Chip Supper
from the Flaming Fryer
Choice of meals include Cod & Chips, Chicken & Chips,
Sausage & Chips and Veggie Burger & Chips.
Bar will be available
Teams of 4 or 6 persons
Register your team by 16th March by contacting
Jacky on 07803 907187 / Sophie on 07877 477089
or email firstname.lastname@example.org
Tickets will also be available from the Teapot Cafe in Wickham Market
We look forward to seeing you there!
Do you want answers to the following questions?
- Can we buy the Pub, and if so what will we be paying?
- Can we rebuild the pub and how much will it cost?
- Where will the money come from?
- Why does heritage and conservation matter?
- What do we need Community Shares for?
- What will the Pub do for the community?
- When will the Pub be open for business and will it be profitable?
- Who will run the Pub?
- What can I do to help make it happen?
If so then come to the public meeting on 10th February.