Fundraising to save The Thorold Arms in Marston
Fundraising is continuing to try to safeguard the future of a village pub and create a community hub.
The Thorold Arms, Marston, was bought at auction by a developer after its closure in 2015, and attempts to gain permission to convert it for residential use have so far been refused.
A community benefit society, set up to save the pub, has agreed a price with the owner, and is aiming to raise £210,000 to buy it.
So far the Save The Thorold Arms campaign has raised £131,250.
Individuals and businesses are being urged to invest, through shares, in a community hub, which will include the pub, a shop, café and bed and breakfast.
Provided the community can reach the £210,000 target, the Plunkett Foundation, which helps rural communities to save what is important to them, will provide a £50,000 grant, plus a £50,000 loan, through its More Than A Pub initiative.
Mrs Sandra Allen, chairman of the village’s community benefit society, said: "There are now just 26 days before the end of the Save The Thorold Arms share offer period, and it is more important than ever that we raise £210,000 as soon as possible as the offer of a loan and grant is available for three months only."
Her husband, Mr Mike Allen, said: "With £310,000 we can buy the pub, do some modest refurbishment and reopen the pub and shop.
"Those who haven’t invested yet please do so as soon as you are able, and for those who have already invested please keep spreading the news and encourage others to support us."