Gardeners Rest - Neepsend

[gluedtopc 10]

Great news-the target has been reached!!

[wrinkly67 10]

Well done! Community spirit is still alive and kicking. Wishing you every success.

[Agamemnon 10]

yes it's great news! We're going to keep going, so if anyone wants to meet us, we'll be in the Gardeners Rest from 8pm this evening.

[vincentb 10]

How was the Q&A last night - and do you know what happens next?

[Agamemnon 10]

How was the Q&A last night - and do you know what happens next?

 

Last night's meeting was good, thanks.

 

What happens next: we keep on going! The more money we raise from the share offer, the less we’ll need to secure from other sources to buy the pub. So £100,000 was our minimum value, without that we wouldn’t proceed. Now we have that, we can negotiate with other lenders with a view to buying the pub. But of course, the more we can get through the share offer, the stronger our position will be.

 

So please, keep on spreading the word!

 

---------- Post added 14-11-2016 at 20:02 ----------

 

Great news-the target has been reached!!

 

131k invested so far with 213 members investing: amazing support for the project! Keep spreading the word, 14 days to raise our stretch target of 150k.

 

We'll be in the gardeners on Tuesday evening if anyone wants to meet with us.

[Hairyloon 10]

The Cardigan Arms in Leeds looks to be planning something similar.

Any top tips for them?

[Agamemnon 10]

Hi,

 

The Share offer was a great success and we raised over £237,000; we now have four hundred or so members of the society and we're negotiating with various lenders to get the best deal on another £100,000. Once that's cleared up in the next week or two, we'll be able to enter conveyancing with the current owners with a view to taking over the the pub in the next month or two.

 

Our advice for other groups would be: yes, go for it! We initially approached a charity called the Plunkett Foundation (http://www.plunkett.co.uk/ ) and through their 'more than a pub' scheme, got an experienced advisor who was able to provide lots of support, they also gave us a grant which paid for various things to get us going, including a fantastic video. So perhaps they're a good starting point.

[Hairyloon 10]

How is the society organised, and is it too late to join?

[Agamemnon 10]

No, not too late to join. The crowdfunder website has the documents explaining who we are and what our plans are, you can access it here: http://www.crowdfunder.co.uk/gardenersrest/?

[wrinkly67 10]

would love to know how this is progressing.

[cgksheff 44]

Opened on the 19th under the control of The Gardeners Rest Community Society.

 

https://m.facebook.com/gardenerscomsoc/?__nodl&ref=www.facebook.com&_rdr#!/story.php?story_fbid=1173478192762610&id=975025245941240

[Agamemnon 10]

Hi wrinkly67 , thanks for the enquiry. As cgksheff said, we took over running of the pub last week, we'll be having a launch event later in the summer once we're settled in. We also have a website (still under development!) where we'll keep people up to date with our news. The website is:

 

thegardenersrest.com