The threshold of £100k which enables us to purchase the pub has now been reached and we are well on our way to achieve the £300k target. In ten weeks £120k has been raised from 277 investors, a wonderful result.
It’s a big milestone and to all those who have invested in shares many thanks for your generous support. In the next few days we will be exercising the Option-to-Buy, so that in about a month’s time the community will be the new owners of The George and influential in its future
This doesn’t mean that we have closed the share issue so if you would like to invest further, or take your first step into share ownership and participate in the project you will be most welcome.
You can also help us spread the word, if you know of anyone else who may be interested in purchasing shares all the information and application forms are available online at www.wmgeorge.co.uk
Ownership will provide the necessary support in our bid for Heritage Lottery funding and will be seen by other grant providers as a very positive action.
The first visible sign you will see that the purchase is complete is replacement of the metal Heras boundary fencing with wooden hoarding. We will keep you posted with further information on progress.
Thank you all for such a great effort