Villagers appeal for share pledges to help buy local pub

The Farmers Arms, Muker

Villagers hoping to buy their village pub have launched a request for shares pledges.

Muker Community Benefit Society has had an offer formally accepted for the village’s Farmers Arms pub.

The aim is to apply for a grant from the Government’s community ownership fund, with shares sold to supporters to help fund a percentage of the purchase price,

At a public meeting on Tuesday, the society launched its request for share pledges.

Professor Sir Mike Richards, Chair of the Society, said: “To receive a grant from the Government’s community ownership fund, the society needs to demonstrate that it’s able to raise the funds required to buy the pub.

“Share pledges provide the best evidence that this is the case.

“Individuals and organisations can pledge to buy community shares from £250 up to a maximum of £32,000 and the more money pledged, the greater our confidence that the Farmers Arms can be taken into community ownership.”

The society has stressed that a share pledge is not a commitment to buy shares and no immediate payment is required.

However, at the same time they say it is important that the share pledges received provide an accurate reflection of what funding will be raised.

The pub has been for sale for more than two years.

For anyone interested in buying a community share in the Farmers Arms, more information, including the share pledge form, can be found on the Muker Community Benefit Society website at https://mukercbs.org

Share pledges need to be made by March 26.