Living Villages 2 - Community Pubs

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A prensentation from Mark Haslam of Herefordshire CAMRA on how community ownership of local pubs can work.

A prensentation from Mark Haslam of Herefordshire CAMRA on how community ownership of local pubs can work.

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  • 1. Mark Haslam Herefordshire CAMRA Living Villages Friday 2 nd December 2011
  • 2. Community ownership?
    • In the past it was always the option of last resort – to be used if the only alternative was the loss of a valued pub.
    • This is now changing, as community ownership can be seen to bring benefits over and above conventional commercial ownership and operation.
  • 3. Community ownership:
    • Why should a community buy its pub?
    • To secure the future of a valued asset
    • To be able to influence the direction of the business: delivering the needs of a local community
    • To put a pub on a sustainable footing
    • To remove the threat from alternative use
    • Options to further diversify
    • Ensures financial and emotional buy-in
  • 4. Live & Let Live, Bringsty Common
  • 5. Live & Let Live
    • “Dream On” said CAMRA HQ!
    • Herefordshire CAMRA helped raise £158K in just six weeks in 1997
    • Put together a legal vehicle and signed-up shareholders
    • Ultimately the co-op wasn’t necessary, when it was sold to a private buyer in 2002
    • Pub is thriving today – objective achieved
  • 6. First of the many Old Crown Inn, Hesket Newmarket, Cumbria
  • 7.  
  • 8. Old Crown Inn
    • Bought by the village in August 2003
    • 58 investors invested £1,500 each
    • Secured the future of the pub
    • Village co-operative put together with help of Co-operative & Mutual Solutions
    • Run as an Industrial Provident Society
    • Established as a template model for community ownership
  • 9.  
  • 10. What is required?
    • Money – raise through share subscription, grants, loans and donations
    • Business plan – will it work as a business?
    • Share prospectus – selling the vision (and the shares) to the community
    • Finding someone to run the business
    • Putting in place robust and appropriate processes
  • 11. Buying the Pub
    • Ensuring a market price sale
    • Raising the capital – what if you fail?
    • The owner doesn’t have to sell, even with the Localism Act and ‘Right to Buy’
    • Consider refurbishment costs
    • Consider running costs
    • However, it DOES happen!
  • 12. Another closed pub for sale in Cumbria in 2009
  • 13. Butchers Arms, Crosby Ravensworth
    • Idea of community purchase conceived in October 2009 as no buyers for pub
    • Community sounded out – were they interested?
    • Similar pubs visited elsewhere – what could be learnt from their experience?
    • Share prospectus and business plan issued early 2011: shares from £250
  • 14. Butchers Arms Crosby Ravensworth
  • 15. Butchers Arms – the plan
    • Over £300K raised from grants and loans, but over 90% share subscription
    • Shares pay a dividend of 3% from Year 2
    • Tenant’s rent pays dividends
    • Local community maintains pub – the equity is their ultimate guarantee
    • Tenant given contract to run business
    • Pub opened in August 2011
  • 16. CAMRA – how we can help
    • We can give advice and technical support
    • We will also get others involved (CMS etc)
    • Help with business plans and other documentation
    • Help with marketing, publicity and strategy
    • CAMRA members will buy shares
    • If we don’t know something, we will know some-one who does
  • 17. Herefordshire’s first community-owned pub CAMRA is currently working with two local communities looking to develop community buy-outs for their local pub. One is shortly to issue a Share Prospectus and Business Plan.
  • 18. Royal George, Lyonshall
  • 19. Herefordshire CAMRA www.herefordcamra.org.uk