We’re delighted to report that our share issue has been a huge success! At 7pm yesterday, after a late flood of money, over 200 investors had contributed a total of £601,000 – and there are more share applications in the pipeline. We now have the capital both to buy the Packhorse for the community and to begin to develop detailed plans for the refurbishment!
We are thrilled, relieved and hugely grateful for the generosity of supporters of the Packhorse. Thank you so much! And to the two hundred or so people who assembled in the pub garden yesterday evening to hear the news – we hope you enjoyed the occasion as much as we did.
We’re not quite there yet – we still have to raise around £265,000 for refurbishment and working capital. But the money invested so far will not only buy the pub but also buy us time to raise money for building work in early 2017 with a view to reopening early Summer next year.
Meanwhile, we now have time to be more creative in our fundraising. We’ll have details in due course but we expect this to involve grant applications (we have our eye on the Heritage Lottery Fund), accepting smaller donations and, among other things, events.
One such event will be an illustrated talk on “A History of Bath Pubs” by Dr Andrew Swift at 7:30pm on Wednesday 21st September in South Stoke Village Hall. Andrew is a historian, an author of several books about local pubs, and an entertaining speaker. Entrance is free but arms may be twisted for a donation to the Packhorse fund! Refreshments will be available and all are welcome.
We’ll share more news soon!