Community venture saves Winterbourne Bassett's pub for the village
The villagers formed the Winterbourne Bassett Community Pub Society and raised £450,000 from 51 private investors, a grant from the Plunkett Foundation and loans from Co-operative & Community Finance. Last Thursday (March 8) they clinched the deal - saving what they term "this crucial community hub".
The White Horse Inn had closed in October 2017. Now it will get a new name - The Winterbourne - and undergo a programme of refurbishment and investment. This will include a new roof and a new kitchen.
The pub will re-open as a freehouse and the search is underway for new tenants to join the community in this new venture.
Pat Salter, Chair of the society, said “We have faced several challenges, but I am delighted to have the keys in my hand, to be able to start the refurbishment and re-open the pub as a freehouse as soon as possible."
"The investors have supported the committee all the way and are also now looking forward to giving practical help and being able to drink in their own pub. Once open we will welcome back locals, tourists and other visitors to enjoy good quality food and real ales and village activities.”
The Society originally established a limited company to raise the money and buy the pub. They have now converted themselves into a Community benefit Society under the 2014 Co-operative and Community Benefit Societies Act.
There are further details about the pub and the search for new tenants on the Society's new website.