Share Offer

community shares standard mark 38mm cmyk - copy

 

 

 

 

GUSSAGE COMMUNITY BENEFIT SOCIETY LIMITED Reg. No. 7116

Our aim is to secure the long term future of the Gussage All Saints village pub for the benefit of the community, by vesting ownership in a society controlled by the community and by running the pub with professional tenants.

The society has already raised funds to purchase, refurbish and maintain the pub which is leased to a professional tenant who is responsible for the operation of the public house. The share offer remains open to attract new members who woud like to be part of this community program.

 Please click here for the share offer.

Strategic Plan and Benefits to the Community

The society has already raised funds to purchase, refurbish and maintain the pub which is leased to a professional tenant who is responsible for the operation of the public house. Other activities may be undertaken at the discretion of The Management Committee and for the benefit of the community.

The Pub and the site it occupies are vital amenities for Gussage All Saints and nearby villages and the best interest of the community will be served by retaining the pub through the limited liability Community Benefit Society. This legal structure is explained in detail in the society rules document.

This will enable the village to secure and safe guard the pub for the foreseeable future.

The acquisition and subsequent improvement projects, were initially financed through a community share offer and commercial loans. We raised more than our target of £155 000 to purchase the pub. Any funds we raise will reduce our dependence on commercial funding and the associated interest costs. Other sources of funding were explored but timescales for grant funding were notoriously uncertain and were excluded from the original business plan for this reason. 

This represents a fantastic opportunity for Gussage All Saints and nearby villages to continue to strengthen the vibrancy and sustainability of our community. This purchase is already having many benefits, including:

  • Maintaining a place to meet friends and neighbours and improving the sense of community;
  • Providing a central point for information on community events and local issues
  •  Securing the central part of the village by and for the community;
  • Improvements to the fabric of the building;
  • Creating opportunities for employment;
  • Injecting money into the local economy;
  • Providing a hospitality venue for local groups, tourists, weddings and funerals.