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Risinghurst had its third community meeting on Friday night regarding the state of the Ampleforth Arms pub that was closed in May 2015. This evening was a celebratory one as we were greeted with Shotover Brewery’s ‘Prospect’ ale and Shaken 'n Stirred mobile bar.
The meeting launched at 6:30pm and we dived into the 6 page 'Shares Prospectus' outlining how the pub will open and operate through community shares. A handsome £400,000 is the total needed to re-open the pub and the money needs to be raised by April 30th 2016 when the shares close.
Many other pubs in a similar position have reached their targets before, but have often involved council grants. Unfortunately for Risinghurst, it is considered ‘urban’ and therefore local grants are not applicable to this situation. Frustrating as that is, some local brewery companies have taken a keen interest in the pub, offering to supply their own craft beer and real ale once the pub opens to spike interest from punters.
The shares are now open to the community. Please give the prospectus a read on the amp revival website to help you make a decision. This is an exciting and unique opportunity to have a community-run pub that could offer a range of facilities hand picked by the people that matter the most - the drinkers! Not to mention that the price of beer could be much lower than that of an established chain pub. Can’t complain about that now can we?!
- The Team