A much-loved pub in the heart of a Warwickshire village was saved after the community clubbed together to buy it together themselves.
The New Inn in Norton Lindsey closed its doors after it was put up for sale by Enterprise Inns. After a number of offers from developers were made for the pub, the community, concerned they might lose the historic pub, began their campaign to save it.
"This amazing journey from despair to joy has firmly cemented our village community together." Rob Brook, The New Inn
A determined group of locals, calling themselves 'The New Inn Salvation Squad,' set up a co-op to raise the £300,000 needed to buy the pub. Local people could invest between £250 and £60,000 and become members – and democratic owners – of the pub through a community share offer.
Along with support from the Plunkett Foundation and financial assistance from Power to Change and KeyFund, they raised the money needed and the New Inn is open again for business.
"Our vision has been to not only save our historic pub, but to turn it into a thriving hub for the community with additional facilities, including café and shop," says Rob Brook, Chair of The New Inn Salvation Squad.
"We only had one month to raise the funds but the reaction has been amazing, we’ve even inspired people to invest from as far afield as Germany and the USA! The campaign has involved a lot of hard work but this amazing journey from despair to joy has firmly cemented our village community together as we look forward to a new and brighter future for our pub."
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