Campaign to Save The Bull extended to end of January
The campaign to save The Bull in Iver for the community has announced it has not given up its aim of buying the popular pub, despite a prospective buyer.
The Save the Bull Community Group met on the January 13 to discuss next steps for its campaign.
Following the deadline for “community priority purchasing” on 19th December Punch Taverns turned down the “very reasonable offer” made by the group.
The campaign group says it was told by Punch Taverns that there is a prospective buyer but, contrary to reports in the local newspapers, no deal has yet been done.
The group has received payment for shares of almost £50,000 and has 559 supporters on email, Facebook and twitter and has said it will extend the deadline for share purchase to the end of January as it still feels there is an opportunity to buy The Bull.
In the light of the lack of progress on a purchase we have decided to extend the deadline for share purchase until the end of January
Those wishing to purchase shared are asked to request a prospectus via the group’s website. HMRC have confirmed that the investment qualifies for tax relief.
The groups says it wants to save The Bull, in Iver’s conservation area, from being demolished or turned into a development or a retail outlet and has a business plan to run the pub profitably.
It believes it will be able to borrow the rest of the funds it needs.