Monthly Archives: June 2013

Architectural Heritage Fund loan offer

The Architectural Heritage Fund (AHF) have agreed to lend Littlehempston Community Pub Limited up to £100,000 to help buy the Tally Ho.  The Management Committee would rather not borrow money at all – raising all the money needed by selling shares seems much neater, simpler and fairer to everyone – but gaining the approval of the AHF should prove very useful in showing that our project is able to stand up to the detailed scrutiny of a professional organisation.

Share Offer extended to 10th July

Littlehempston Community Pub Limited’s management committee have decided to extend the Share Offer. The closing date is now 10th July. Applications for almost £90,000 worth of shares have been received during the initial six weeks that the offer has been open, but rather than dying out, interest seems to be increasing. We’ve got much better at getting coverage in local media recently as our Press Cuttings page shows, telephone and e-mail enquiries are on the increase, and so are hits on our website.

It’s become clear that the Tally Ho’s reputation is spread far and wide across the South Hams, which is encouraging because that’s a lot of potential investors.  But on the other hand it takes a lot of time and energy to bring our campaign to the attention of so many people, and there’s a real feeling that we’ve only just started.

The committee have chosen to extend the offer to the 10th July because that’s the end of the moratorium that’s been granted under the Community Right to Bid.  Up to the 10th July the Tally Ho can only be sold to a community group, but after that date it can be sold to anyone.  We’re not aware that there’s a buyer waiting to rush in on the 11th July and buy the pub, but it seems sensible for us to try to raise the money by then if we can.