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Newby Hall has a restrictive covenant on part of the land. Will this be a problem?
December 17, 2022In short, no. Newby Hall are supportive of our venture to re-open the Black Lion as a Community Pub...
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Can I buy shares as a gift?
November 23, 2022Absolutely. Please make it clear on the share pledge form that this is a gift.
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How likely is it that we will raise £250,000?
November 23, 2022We agree that at first reading this seems like an insurmountable target. Breaking it down, however, it’s not unachievable....
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If the business fails and the land is sold at a profit, where does this money go?
November 23, 2022Into the community. The rules of our Community Benefit Society (which is overseen by the Financial Conduct Authority) prevent...
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Why would the Black Lion be any different as a community pub?
November 23, 2022The vast majority of pubs are owned by breweries who impose significant lease and rental costs while simultaneously extracting...
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Can I sell my shares?
November 23, 2022Not initially. Nor can shares be transferred to another owner. It is an investment in the community and our...
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Is a community pub project a safe investment?
November 23, 2022All investments have a degree of risk. As a committee we endeavour to minimise this. However, these investments are safer...
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Has an agreement been reached with Admiral Taverns to sell the Black Lion?
November 23, 2022Not yet. Once the share pledge process is complete we will be able to generate a business plan and...
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Is my pledge confidential?
November 20, 2022Your personal details and pledge amount will be kept completely confidential. Only the members of the Treasury Sub- Committee...
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What does it mean to pledge “in kind”?
November 20, 2022The following ‘in-kind’ match funding (otherwise known as ‘non-cash’ match funding) will also count as an eligible source of...
COMMUNITY PUB AND HUB